The Skipton introduces additional borrowing pilot

Published on

The Skipton Building Society has made changes to its additional borrowing range.

The mutual will enable customers wanting additional borrowing to have access to all standard residential remortgage and retention products.

Currently these customers only have access to a limited number of products at 75% and 90% LTV.

Kris Brewster (pictured), the Skipton’s head of products, said: “We’re making this change to our additional borrowing range to enable our customers to have a far greater selection of options. This is clearly good news for customers, and it means they can select the best option for their individual circumstances.

“In piloting this, we can see how our customers respond, and then tweak the offering based on the feedback our customers give. Being a mutual, it’s important we listen to our borrowers, and respond accordingly – doing so, and enabling home ownership, is something we’ve been doing for the last 165 years.”

The Skipton currently offers additional borrowing for direct customers only.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...