To search for an item in the Society's Lending Criteria you can either:
- Select the category - Residential, Buy to Let etc.
- You can then:
- Search for key words - "BTL", "Income", "Self Employed" etc. OR
- Select the All or First Letter within the alphabetical filter
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Policy
If some or all of the funds being provided towards the purchase of the property are not being provided directly by the borrowers and it has been indicated this is by way of gift, full details must be provided at application stage prior to a decision to lend.
Skipton Building Society do not accept gifts from a person who is or will be a non borrowing occupier of the property to be mortgaged. A gifted deposit declaration is required, signed by the gifter.
Gifted deposits from a non UK source may be acceptable where 6 months bank statements or savings trail from a UK bank or deposit taker is evident for the source of these funds, up until the point of the gift being received by the applicant.
Skipton Building Society accepts gifts only from relatives (Family Law act definition, 1996) which include;
(a)The father, mother, stepfather, stepmother, son, daughter, stepson, stepdaughter, grandmother, grandfather, grandson or granddaughter of that person or of that person's spouse, former spouse, civil partner or former civil partner,or
(b) the brother, sister, uncle, aunt, niece, nephew, or first cousin (whether of full blood or of half blood or by marriage or civil partnership) of that person or of that person's spouse, former spouse, civil partner or former civil partner and includes, in relation to a person who is cohabiting or has cohabited with another person, any person who fall within paragraph (a) or (b) if the parties were married or civil partners of each other.