Skipton Announce 100% Mortgage for First Time Buyers

Skipton Announce 100% Mortgage

Skipton Announce 100% Mortgage for First Time Buyers

Skipton Announce 100% Mortgage for First Time Buyers 1920 1080 Kind Financial

Skipton Building Society have today announced a 100% mortgage for first-time buyers – and unlike the handful of other no-deposit mortgages currently available in the UK, it doesn’t need a guarantor. Instead, Skipton are looking for 12 months of on-time rental payments, as well as a good credit history.

Skipton hope that the 100% mortgage will help people trapped in the “mortgage cycle” who are unable to save up for a mortgage.

Who is eligible?

The key eligibility criteria shared by Skipton are:

  • Applicants must be first-time buyers
  • Applicants must be aged 21 or over
  • Applicants must prove they’ve paid rent on time for 12 months in a row within the last 18 months
  • If there are multiple people buying, they must have been renting together for those 12 months
  • Applicants must have no missed payments on debts or credit commitments in the last 6 months
  • The monthly mortgage payments must be equal to or lower than the average of the last 6 months rental cost
  • The property cannot be a new build flat
  • Applicants are looking to borrow no more than £600,000
  • The Loan To Income must be no more than 4.49x
  • If they do have a deposit, it must be less than 5% of the purchase price

Applicants will also be subject to credit and affordability checks.

Your home may be repossessed if you do not keep up repayments on your mortgage.

EMAIL COMMUNICATIONS ARE NOT ALWAYS SECURE FOR THIS REASON KIND FINANCIAL SERVICES LTD CAN NOT GUARANTEE THE SECURITY OF THE EMAIL AND ITS CONTENTS AND THAT IT WILL BE VIRUS FREE.

WE WILL USE YOUR NAME, EMAIL ADDRESS AND CONTACT NUMBER (‘PERSONAL INFORMATION’) TO CONTACT YOU ABOUT THE SERVICES YOU HAVE REQUESTED OR RESPOND TO AN ENQUIRY YOU HAVE SUBMITTED, WHICH WILL REQUIRE US TO SHARE YOUR PERSONAL INFORMATION OR PASS YOUR PERSONAL INFORMATION TO OUR GROUP COMPANIES, ELECTRONIC VERIFICATION PROVIDERS, PRODUCT PROVIDERS OR OTHER FINANCIAL FIRMS SUCH AS LENDERS, BANKS, INSURERS, FUND MANAGERS AND PLATFORM PROVIDERS. FOR FURTHER INFORMATION ON HOW YOUR INFORMATION IS USED, INCLUDING DISCLOSURE TO THIRD PARTIES, HOW WE MAINTAIN SECURITY OF YOUR INFORMATION AND YOUR RIGHTS IN RELATION TO THE INFORMATION WE HOLD ABOUT YOU, PLEASE SEE OUR PRIVACY POLICY

THE GUIDANCE PROVIDED WITHIN THIS WEBSITE IS SUBJECT TO THE UK REGULATORY REGIME AND IS THEREFORE PRIMARILY TARGETED AT CONSUMERS BASED IN THE UK.

KIND FINANCIAL SERVICES LTD IS AN APPOINTED REPRESENTATIVE OF TENETLIME LTD,
WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY. TENETLIME LIMITED IS ENTERED ON THE FINANCIAL SERVICES REGISTER (WWW.FCA.ORG.UK/REGISTER) UNDER REFERENCE 311266.

REGISTERED IN ENGLAND AND WALES UNDER REFERENCE 07588811

REGISTERED OFFICE ADDRESS: LANGTON & MOAT HOUSE, SUITE 1 BIRD STREET, LICHFIELD, WS13 6PY.

By clicking this link you will be departing from the regulated site of Kind Financial Ltd. Neither Kind Financial Ltd nor TenetLime Ltd can be responsible for any content created and published solely by a third party outside of our regulated site.

The availability of credit is subject to status.

© 2023 – Kind Financial Services – Privacy Policy