Are you trapped in the rental cycle and struggling to save enough deposit to get onto the property ladder? There is a 100% deposit-free product available exclusively to Skipton Building Society, that allows buyers who haven't owned a property in the last three years to purchase a home.
What is a Track Record Mortgage?
It is a mortgage aimed at those renting who wish to purchase a property of their own that doesn't require a deposit. The mortgage will be on a fixed rate for five years, and you won't be charged a completion fee for the mortgage.
Who can apply?
Sole Applicants:
Joint Applicants (up to four people):
New criteria as of September 2024:
To find out if this is the right product for you, or to discuss others, give us a call: 01628 507477.
7 days ago
A recent study by Boon Brokers where 1,000 people who had used an estate agent over the last year were surveyed, showed that a whopping 52% said they were pressured into using the estate agents’ in-house mortgage broker.
14 days ago
The Financial Conduct Authority (FCA) has shared new changes to mortgage rules with the aim to simplify remortgaging, and encourage competition within the mortgage market.
18 days ago
Lloyds Banking Group has jumped on the bandwagon to boost lending for first-time buyers as they allocate an additional £4 billion to help first-time buyers on to the property ladder.
As the Loan to Income (LTI) cap has been increased to 5.5 times income, applicants who fit the First Time Buyer Boost criteria could borrow up to 22% more.