Skipton Building Society, committed to aiding first-time buyers, has updated its lending policy for new build flats.
As of 11th December 2023, the Society now accepts applications for new build flats at up to 95% loan-to-value (LTV).
Jonathan Evans, recently appointed as Skipton’s New Build Lead, said: “I’m really pleased to announce that I am going to be focusing on all things new build here at Skipton, we are constantly looking to make things easier for our brokers and their clients, from aiming to underwrite applications within 48 hours to our enhanced approach to incentives.
“I’m looking forward to continuing to listen to brokers and feed their ideas into our innovation here.
“At Skipton we understand the challenges in the new build market and the deposit hurdles facing prospective homeowners.
“That’s why I’m happy to announce that as of today we’re now supporting new build flats at 95% LTV, unlocking more opportunities for homeownership.”
