Independent Mortgages Direct NE

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Skipton Building Society Launch 100% Mortgage

Skipton Building Society have launched a 100% mortgage product at 5.49% fixed for 5 years without the need for a guarantor.

The lenders qualifying criteria includes the following:

  • 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
  • Not available on New Build flats