Skipton International has enhanced its UK buy-to-let lending criteria, giving brokers greater flexibility when supporting landlords and property investors.
The lender has increased its maximum loan-to-value (LTV) for Limited Company (SPV) mortgages to 75%, expanding the options available to landlords looking to purchase or refinance property through a limited company.
Skipton International has also reduced its minimum loan size to £100,000 across both its UK Buy-to-Let and Limited Company (SPV) lending ranges.
Together, the criteria enhancements broaden the range of borrowing requirements that can be considered by Skipton International and form part of the lender’s continued focus on strengthening its mortgage proposition and supporting future lending growth.
Jo Phillips, Senior Manager of Mortgage Sales at Skipton International, said:
“We’re always looking at where we can give brokers greater flexibility and more options for their clients. Increasing our maximum SPV LTV to 75% and reducing our minimum loan size to £100,000 means our proposition can support a broader range of buy-to-let borrowing requirements.
“Limited company lending continues to be an important part of the buy-to-let market. Brokers are dealing with clients with increasingly varied borrowing requirements, so continuing to evolve our criteria is important. These changes give intermediaries another option when finding the right solution for their clients.”
