Skipton announce a lending criteria change to their best mortgage deals.
Skipton Building Society have recently changed their best mortgage deals lending criteria.
The lender advises that any changes to their best mortgage deals are designed to help those making a property purchase and those who are remortgaging. Skipton say that they want mortgage applications and approvals to be completed as quickly and as easily as possible.
Skipton's interest-only mortgage criteria has changed, they are now offering 75 per cent LTV on a interest only basis for existing home-owners wishing to purchase a new property or remortgage. First time buyers will no longer be eligible for an interest only deal.
As for the repayment vehicles accepted, the lender advises that cash ISA's or stocks & shares are acceptable but they will need to have been established for a minimum of 3 years and must be being contributed to on a regular basis. Endowment policies are also accepted provided that are supported by the latest maturity value estimation letter.
Deal Direct are up to date on all of Skipton's best mortgage deals and can negotiate on your behalf to achieve the most competitive deal on offer.
