With all the challenges facing first-time buyers, Skipton Building Society felt it was time to act, to bring the ladder closer to first time buyers and remove some of the upfront costs and barriers that stand in their way.
They have introduced the first-time buyer range, a selection of products and offers designed to give purchasers more opportunity to realise their dream of buying their first property.
Up to £1,500 cashback on selected products. Minimum loan size is £125,00.
Up to 5.5x loan to income on up to 90% LTV for incomes >£100,000
Extra £250 cashback for Skipton Lifetime ISA customers. (Terms and conditions [PDF] apply.)
Up to 40 year terms available.
Income Booster (Joint Borrower, Sole Proprietor).
Free standard valuation for mortgage purposes.
No completion fee on our first-time buyer exclusive products.
Up to 95% LTV (including new build houses and flats).
Fixed rate options.
Our Track Record mortgage offers first-time homebuyers with a recent 12-month track record of paying rent up to 100% LTV, to help them buy their own home (eligibility criteria apply).
Income Booster mortgages (Joint Borrower Sole Proprietor) – we allow up to 4 applicants and supporting borrowers don’t have to be related to the main applicant to qualify.
Products available for major government schemes including Shared Ownership.
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