10th May 2023

New Mortgage?

Skipton Building Society are planning 100% mortgages for First Time Buyers, who are also currently renters.

Criteria for an Eligible Participant Includes:

• Each applicant must be a First Time Buyer.
• Each applicant must be aged 21 or over.
• The same people who are renting now (and have been for the last 12 months) must be the same people on the mortgage.
• Must have proof of having paid rent for at least 12 months in a row, within the last 18 months.
• Must also have 12 months experience paying all household bills within the last 18 months.
• Each applicant will have no missed payments on debts / credit commitments in the last 6 months.
• The monthly mortgage payment must be equal to or lower than the average of the last 6 months rental cost.