Finance available: Buy to let mortgages. Residential mortgages.
Access: Skipton Intermediaries is accessible via intermediaries only.
Buy to let mortgages: Skipton offers a selection of fixed buy to let mortgage rates for individual applicants looking to purchase or remortgage property up to a loan value of £500,000. It will accept company lets, as well as standard ASTS and will lend on ex-la houses and flats, flats over commercial and vanilla buy to let property. It does require a minimum income of £20,000 per annum, but unlike most buy to let lenders it allows lending to applicants from the age of 18 years.
Ahead of the coming deadline on PRA guidance for lending to portfolio landlords Skipton have announced that it will increase its interest cover ratio (ICR) for portfolio landlords from 145% to 150%, stressed at 5.5% (or 5% for five-year fixed rate products). Additionally, clients that qualify as portfolio landlords will need to meet a minimum income threshold of £45,000 per annum, including rental income. Under previous requirements, clients would need to earn a minimum of £20,000 per annum, but this could not include income received from rent.
Residential mortgages: Skipton also offers a range of standard residential mortgages for purchases and remortgages. It also has a range for new build properties.
To access this lender call The Deal Placement Team on 0345 148 9238 now.
Lenders change their criteria on a regular basis, so this page should be used as a guide only. We will do our best to keep it up to date.
Last updated: 19/11/2018