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Skipton BS changes BTL lending policy

Skipton Building Society is changing its buy to let residential and commercial lending policy.

Key Features include:
Increased LTV now 85 per cent for loans up to 300,000.
For loans 300,001 and above, LTV is 80 per cent.
Reduced rental income cover now 125 per cent up to 80 per cent LTV.

Skipton head of media relations Jennifer Holloway says: “Recent figures from the Council of Mortgage Lenders show that 38 per cent of landlords are planning to increase their buy-to-let portfolios in 2005 evidence that this market is still going strong. The changes to our lending policy will make it even easier for them to get a great deal when financing their expansion. And getting a mortgage quickly and easily is certain with our award winning service.”


NAEA predicts a stable housing market for 2005

The National Association of Estate Agents is predicting a stable housing market for 2005.NAEA figures show at the end of 2004, house prices on average will be 6 per cent higher than the previous year.But is is not expecting there to be any significant drop in prices. If anything, the NAEA says activity is likely […]

Millfield agrees Intelliflo MBO

Millfield has agreed a management buy out of Intelliflow for 250,000.Millfield says the deal will achieve annualised savings of 375,000 for Millfield. Intelligent Office provides a full suite of functionality for financial advisers. The MBO was headed by Nick Eatock, Chief Executive Officer of Intelliflo. Under the terms of the MBO, Millfield Group retains the […]

BSA confirms UK housing market slowdown.

The Building Societies Association confirms the slowdown in the UK lending market with its latest figures for November 2004.Building society gross advances amounted to 3,283m in November 2004, decreasing from 4,471m in November 2003. Net advances were 800m in November 2004, down from 2,397m in November 2003.Approvals (loans agreed, but not yet made) decreased to […]

Creating opportunity out of change

By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]


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