95% LTV is back.
Our range includes either a two-year or a five-year product available for New Build houses, which both require as little as a 5% deposit. The deals are designed to help first-time buyers and home movers who are keen to buy a new build home, without having to rely on affordable home ownership schemes currently available.
Making things easier for you
- Offers are valid for 9 months standard with the ability to extend by another 3 months, subject to meeting acceptable criteria.
- Our underwriters respond quickly to New Build mortgage applications, aiming for a 48-hour maximum turnaround.
- Our maximum loan amount at 95% LTV for New Build houses is a generous £450,000.
Rachael Hunnisett, New Build Lead
“Last year, the average deposit required by a first-time buyer increased by a massive 23%*. Reports also showed it could take a single first-time buyer ten years to save a 15% deposit**. At Skipton, we’re committed to helping more people own their own homes, which is why we’re delighted to be back with 95% LTV lending for New Build houses, giving your clients the opportunity either as first-time buyers or home movers to buy with as little as a 5% deposit.”
*Source: Halifax, January 2021
**Source: Hampton International, April 2019
This is just another example of how we’re making things easier for you. Get in touch with your BDM or visit our website to find out more.
