Skipton 100% LTV – ‘Track Record’ Mortgage

Are you a vulnerable customer?
May 19, 2020
10:00 AM | 12th May 2023 | Andrew Foligno
Skipton have introduced a product available up to 100% LTV for customers within the rental cycle.

Track Record Mortgage for First Time Buyers

For a long time now renters have been held back by the renting viscous circle of high rent, high outgoings to income ratio yet are still managing their bills well. Yet the same old question pops up, can that be used as evidence or even deposit when applying for a mortgage?

Well until now the answer was... No!

Skipton believe that needs to change. They will look in to renters history to see if the track record of repayments has been good and generally good account management has taken place, hence the name 'Track Record' Mortgage.

This could be a real boost for people renting who want to own their own home.

Key eligibility criteria

  • 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 12months) must be the same people on the mortgage
  • (Exceptions apply - see Skipton website for more information – Below)
  • 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.
  • The deposit must be less than 5%
  • Maximum loan size £600,000
  • Not available on New Build flats


Full eligibility criteria can be found at: Track Record Mortgage | Skipton Building Society for Intermediaries

Please note that this product has limited availability and may be withdrawn at any time, without notice.

Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.


Key Facts

Intrested in this type of Mortgage?

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