Skipton simplifies lending criteria for non-standard flats

Skipton has simplified its lending criteria for non-standard flats.

Under the new terms, the criteria for flats with commercial outlets, deck access and mezzanine flats, studio flats and ex-local authority flats have had their maximum LTV upped to 95 per cent for residential applicants and 75 per cent for buy-to-let across the board.

In addition, all four non-standard flat categories now require a minimum property value of £300,000 in Greater London and £150,000 for the rest of the UK instead of the £200,000 to £250,000 found previous to this change.

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