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  • Writer's pictureMatthew Pigrome

A Guide to Skipton Building Society's 100% Mortgage: Making Homeownership Possible

Updated: May 18, 2023

Are you a first-time buyer dreaming of owning your own home but struggling to save up for a deposit? Skipton Building Society's Track Record Mortgage may offer a glimmer of hope.

In this blog post, we'll dive into the details of this innovative mortgage product, explore its eligibility criteria, and discuss how Mortgage321 can assist you in arranging this mortgage. Let's explore how this scheme could help turn your homeownership dreams into reality.

Understanding the Skipton Track Record Mortgage:

The Skipton Track Record Mortgage is designed to assist first-time buyers who are unable to save a substantial deposit. It offers the opportunity to secure a mortgage without a deposit, making it an attractive option for those struggling to save up for a down payment. However, it's essential to familiarise yourself with the eligibility criteria before considering this scheme.

Eligibility Criteria:

To qualify for the Skipton Track Record Mortgage, applicants must meet specific requirements. Here's an overview of the key eligibility criteria:

  1. First-time buyer status: Applicants must be purchasing their first property.

  2. Age requirement: Each applicant must be at least 21 years old.

  3. Deposit limit: If applicants have a deposit, it should be less than 5% of the purchase price.

  4. Clean credit history: Applicants should have no missed payments on debts or credit commitments in the last 6 months.

  5. Maximum borrowing limit: The scheme allows borrowing up to £600,000.

  6. Household-to-household criteria: Additional details regarding this requirement can be obtained from Skipton Building Society directly.

  7. Exclusion of new build flats: The scheme does not apply to the purchase of new build flats.

  8. Rental payment history: Proof of at least 12 consecutive months' rent payments within the last 18 months is required.

  9. Household bill payments: Applicants should demonstrate at least 12 months' experience paying all household bills within the last 18 months.

Assistance from Mortgage321:

At Mortgage321, we understand the importance of guiding our clients through the mortgage process. We can assist you in arranging the Skipton Track Record Mortgage, ensuring a seamless experience from start to finish. Our team of experts is well-versed in the scheme's intricacies and can provide invaluable advice and support tailored to your individual circumstances.

Assessing Affordability:

It's crucial to note that the affordability calculation for this mortgage considers the average monthly rent paid over the last 6 months and the stated mortgage term. However, it's important to be aware that the borrowing amount may not cover the property prices in your desired area. To get a clearer understanding of the likely borrowing figure for your specific situation, we recommend using Skipton's track record calculator available on their website.


The Skipton Track Record Mortgage presents a valuable opportunity for first-time buyers who struggle to save for a deposit. By understanding the eligibility criteria and seeking the guidance of a trusted mortgage advisor like Mortgage321, you can increase your chances of securing this mortgage. Contact us today to explore the possibilities and take the first steps toward fulfilling your homeownership dreams.

Remember, at Mortgage321, we're here to provide expert advice, support, and personalised solutions for your mortgage needs. Let's embark on this exciting homeownership journey together!

Disclaimer: The Skipton Track Record Mortgage eligibility criteria and scheme details may be subject to change. We recommend visiting Skipton Building Society's official website or consulting with a mortgage advisor for the most up-to-date information.


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