The Skipton Building Society has made two policy changes across its entire mortgage range.
The maximum loan size for those borrowing up to 85% loan to value on any of Skipton’s mortgage products has increased, enabling borrowers to now have a maximum loan of up to £625,000. It was previously £500,000.
The mutual has also halved the continuous employment criteria for first time buyers, lowering it to six months from 12.
Kris Brewster (pictured), Skipton’s head of products, said: “We are delighted to apply these policy enhancements across our entire mortgage range, demonstrating Skipton’s continued commitment to supporting the needs of our borrowers.
“We believe these positive changes will add great value to our existing product range and help purchases and those wishing to remortgage have a product that best suits their needs.”