First 100% mortgage loans since 2008

8 months ago

Skipton building society aims products at renters who cannot save enough for a deposit.

According to Rupert Jones from the Guardian, Skipton Building Society are getting ready to launch a mortgage targeting those “trapped in rental cycles” and who do not have access to “the bank of mum and dad” and so are unable to save up for a home deposit.

According to a report in The Times, the new product will be available up to 100% , and the borrowers will need to evidence a history of paying rent comparable to mortgage repayments for up to 2 years, with the deal for more than two years to guard against the risk of falling into negative equity.

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Ann Evans

With over 35 years of experience helping first time buyers, I have mastered the art of finding the right mortgage deal to tailor your unique needs and financial situation. Unlike estate agents who only have limited options, I have access to over 90 lenders and can research the market to find you the most suitable deal I'll guide you through every step of the process, from pre-approval to closing, ensuring you understand your options and feel confident in your decisions. As your trusted companion and confidante, I'll listen when you have questions or concerns and provide answers and reassurance.

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First 100% mortgage loans since 2008

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