Skipton International has upped its maximum LTV for buy-to-let products and allowed retroactive action to be taken.

The lender has increased the maximum LTV for BT loans of up to £1,000,000 from 70 per cent LTV to 75 per cent LTV.

All existing applicants who have already applied for a 70 per cent LTV can increase their LTV accordingly provided the criteria is met.

Skipton International is also now allowing non-UK residents who plan in live in their targeted property at a later date to apply for its UK BTL products.

However, the applicant or one of their family members may not live in the property during the original tracker or fixed rate product term.

Skipton International business development manager Roger Hughes says: “With the current stamp duty land tax holiday extension, demand for UK property remains high and our enhancements will give greater flexibility to non-UK residents wishing to purchase BTL property in the UK.

“We are always looking at ways to adapt and improve our proposition. There is a lot of optimism in the property market at the moment and we are expecting a busy next few months.”