Skipton raises its maximum buy-to-let loan size to £750,000 and starts lending on mezzanine flats
Skipton Building Society has increased its buy-to-let maximum loan size from £500,000 to £750,000.
The lender has also raised the exposure limit from £1 million to £1.5 million, in a move designed to enable landlords to have more investment properties with them.
In another change Skipton will also offer mortgages on ex-local authority flats, deck access flats and mezzanine flats, providing they all have a minimum property value of £250,000.
Aaron Strutt, product manager at Trinity Financial, says: “Skipton has made some positive changes to their buy-to-let lending policy and they also have some particularly good rates.
“They will ask landlords for an asset & liabilities statement when they have five or more buy-to-let properties, but they previously expected this if they had two or more properties.”
If you would like help to secure a leading buy-to-let mortgage, call Trinity on 020 7016 0790.
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
