On your own
Boost your buying budget without a loved one’s help.
Guarantor Mortgages
Boost your buying budget with the help of family or friends.
Family Remortgage
Build a house deposit using a loved one’s existing property.
Part Buy, Part Rent
Buy a share of a home and pay rent on the rest.
Standard Mortgage
Buy a home with a repayment mortgage
5.5x Income
Increased borrowing for first-time buyers
Professional Mortgage
Increased borrowing for professionals
Dynamic Ownership
Co-buy with friends or siblings
Deposit Unlock
Buy a new-build home with a 5% deposit
Armed Forces Help To Buy
Borrow up to £25,000 as an interest-free loan
Skipton Track Record Mortgage
Use your track record of paying rent to get a 100% mortgage
On your own
Buy a home with no deposit with Skipton's 100% Mortgage
Struggling to save a house deposit? Use your track record of paying rent each month to get a 100% mortgage. Meaning you can stop renting, and start building up equity in your very own home.
You'll need 1-years rental history
Buy a home with no deposit saved
Borrow up to £600k for your first home
How does it work?
If you're currently renting but are struggling to save a house deposit, Skipton Building Society's Track Record Mortgage could be for you.
If you can evidence that you've paid your rent and household bills in full and on-time for 12-months, Skipton will consider lending you the full value of the property - no deposit needed. Like all schemes, Skipton's No Deposit Mortgage is subject to affordability and credit score checks.
Things to consider
All mortgages have risks and benefits. Here are some key factors you should know before applying for Skipton's Track Record Mortgage.
What are the benefits?
Buy a home with no deposit
With Skipton's 100% Mortgage scheme, you can get a mortgage without having any savings in the bank. If you do have a deposit, it must be less than 5% of the property purchase price - this includes any gifted deposits.
Get on the ladder sooner
On average, it takes a buyer 8 years to save up for a house deposit, and with the cost of renting rising - it's only getting harder to save. With Skipton's Track Record Mortgage, you could buy your first home without having to spend years saving up for a deposit.
Buy with another renter
If you've been renting separately, you can still apply for Skipton's Track Record Mortgage together providing you've both been paying 100% of the rent & bills in your rentals.
Start building up equity
Providing the home you buy doesn't go down in value, you'll begin to build up equity as you make your monthly mortgage repayments. Research shows you'll be £350,000 better off over a 30 year period by becoming a homeowner vs someone that rents.
Risks and considerations
You could end up with negative equity
Because you are not putting in any or very little downpayment, there is a much higher risk of ending up with negative equity - this is when you owe more to your mortgage lender than the home is worth.
You might not be able to borrow what you need
Skipton will look at your 6-month average rental payments to determine how much you can borrow. They'll compare that to your affordability using their regular calculator. Whichever number is lower is the amount they'll lend.
It's not suitable for housesharers
You'll need to demonstrate that you've consistently paid all of the rent & household bills for at least 12 months in a row during the last 18 months. This means people renting in a house share are not eligible for this scheme, neither are couples who lived together but are now splitting up.
You cannot buy a new build flat
New build flats are not eligible to be bought using Skipton's 100% Mortgage scheme (new build is classed as anything new or converted in the last 3 calendar years). However, new build houses are acceptable.
Got questions? We've got answers
See all FAQsFrequently asked questions
The application process
Get into your very own home in 4 simple steps
Make a Tembo plan
In under 10-minutes, we’ll check your eligibility for Skipton's 100% Mortgage, as well as our other buying schemes. Plus, you’ll get a personalised recommendation including interest rates and repayments.
Talk to an expert
Book a call with our mortgage experts to complete the qualification process. We’ll cover any questions you might have about Skipton's 100% Mortgage and any other schemes.
Apply for a mortgage
Once you’ve found a property, your dedicated advisor will undertake full affordability and submit a Decision in Principle with your chosen lender. Once accepted, we’ll submit a full mortgage application for you.
Make home happen
During the conveyancing process, we’ll liaise with the developer or seller and your solicitors to ensure a smooth purchase. We’ll also provide a free insurance protection review, so you’re covered if the unexpected happens.
Similar schemes
Explore our other schemes to discover alternative ways to buy
On your own
Deposit Unlock
Purchase a new build home from a participating home builder with just a 5% deposit.
See detailsFamily Remortgage
Deposit Boost
Unlock a gifted deposit from a loved one’s property to create a house deposit from scratch or top up your existing deposit.
See detailsPart buy part rent
Private Shared Ownership
Buy a share of a home, and pay rent on the rest. Over time, you can staircase to full ownership.
See detailsLearn more
Confused about mortgages? Read our guides for expert tips on saving, buying and the market.
Other mortgage schemes
You can be snug in your very own home in 4 simple steps