Its JBSP LTV has gone up from 85 per cent LTV to 95 per cent LTV, whilst its three and four-person applications have increased from 75 per cent LTV to 95 per cent LTV.
The maximum LTV for its family purchase and tenant purchase applications has been upped from 90 per cent LTV to 95 per cent LTV.
According to the lender, the changes bring it in line with its pre-Covid policy and will encourage more first-time buyers to get onto the property ladder.
It had previously pulled back the LTV on all lending in April last year in response to the Covid-19 pandemic and the closure of the property market at the time.
Changes will apply from today.
Charlotte Harrison, Skipton’s head of mortgage products, said: “We have always recognised the importance of supporting first-time buyers to purchase their own home, and can see that with recent levels of house price growth, saving for a deposit has become even more of a challenge.
“That’s why I’m pleased to see us re-visit our approach to lending on low deposit mortgages in those areas that really can make a difference for buyers.”