The Skipton Building Society and its intermediary lending arm, Skipton Intermediaries, have removed their maximum loan size cap for first time buyers.
Kris Brewster (pictured), the Skipton’s head of products, said: “This is yet another move we have made following listening to customer and broker feedback, and us updating our criteria accordingly. At Skipton we’re proud to support real life lending needs – be it making it even easier for our broker partners to get in touch via webchat, through to winning multiple awards and accolades for our mortgage offering.
“It’s important that we continually review our lending criteria, as we all know how fast the UK mortgage market changes. People who have good jobs, earning very healthy salaries, and have saved up large deposits, are still being priced out of the south and London markets. This move will enable more first time buyers to move away from renting, and to get the keys to their first home.”