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A No Deposit 100% mortgage for first-time buyers

Posted 11/05/2023 by Hannah Blenkin
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If you are a first-time buyer but struggling to save for a deposit, Skipton Building Society have just launched an exciting new product, the Skipton Track Record Mortgage. We are pleased to be working with Skipton to offer this mortgage to those who fit the criteria.

This new 100% mortgage requires no deposit aims to help first-time buyers buy your first home.

With the cost of living and house prices being at an all time high, it can feel impossible to pay rent AND save for a large deposit. This mortgage could be your lifeline - paying your own mortgage instead of your landlords but without the large deposit.

Skipton Track Record Mortgage Eligibility

  • Each applicant must be a first-time buyer
  • Each applicant must be aged 21 or over
  • You have less than a 5% deposit
  • Each applicant has no missed payments on debts/credit commitments (e.g. mobile phone bill) over the last 6 months
  • You want to borrow up to £600,000
  • You have proof of having paid at least 12 months' rent in a row, during the last 18 months
  • You must also have experience of paying all household bills (e.g utility bills, council tax etc) for at least 12 months in a row, during the last 18 months.

“With only very limited options to borrow with less than 5% deposit or no deposit at all, or without help from friends and family, Track Record mortgages could be the solution many First Time Buyers have been searching for.”  Charlotte Harrison, CEO - Home Financing , Skipton Building Society

If you don't match the above eligibility criteria, or are unsure, there may be other ways our we can help you. Don't just wonder what could be, book a free initial appointment and see how much you could borrow.

Book an appointment


Further information and full eligibility criteria can be found here.


Your initial mortgage appointment is without obligation. We normally charge a fee for our services; however, it is payable only on the submission of your mortgage application. The fee will depend on your circumstances but our standard fee is £549. Complex cases usually attract a higher fee. We will discuss and agree the fee with you prior to submitting any mortgage application.

Please be aware that the information provided within these archives has been pre-published, as of the date published on each article. The information contained within, including references to taxation, legislation, regulation, or any other issues or concerns may no longer apply.

Embrace Financial Services Marketing Manager

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