100% Mortgages
Could buying a home be closer than you think?
A zero deposit mortgage designed to help renters move onto the property ladder
Saving for a deposit can feel like one of the biggest challenges when buying a home. If you are currently renting, the Skipton Building Society Track Record Mortgage could help make that next step feel more achievable.
This 100% mortgage is a five year fixed rate product designed for renters who do not have a deposit saved. Instead of relying on a traditional deposit, the mortgage looks at your track record of paying rent and household bills.
It is designed to help make buying a home feel clearer, more manageable and within reach.
About the mortgage
The Skipton Building Society Track Record Mortgage is a zero-deposit mortgage designed to help eligible renters buy a home without needing a deposit.
For many people, monthly rent payments can already feel similar to mortgage payments. This mortgage is designed to recognise that by looking at your rental payment history instead of requiring a deposit up front.
Who could apply?
You could be eligible if:
- You are a first time buyer
- You can show a track record of paying rent and household bills, such as gas, electricity, water rates and council tax, for at least 12 consecutive months within the last 18 months
- The same people who have been renting the property for the last 12 months are the same people applying for the mortgage
- Your loan amount is no more than £600,000
- You have not missed any payments on credit commitments, such as credit cards or loans, within the last six months
- You are not purchasing a new build apartment
How to get started
You can start by using our new homes mortgage calculator to get an idea of what may be affordable for you.
After that, a specialist from The New Homes Mortgage Group will be in touch to discuss your eligibility and explain more about the zero deposit mortgage scheme.
Buying a home is a big step, and having the right support can help you feel more confident along the way.
Important information
Tilia Homes is not authorised by the Financial Conduct Authority and cannot provide mortgage or interest rate advice.
If you would like guidance on these matters, we recommend speaking with a qualified mortgage broker.
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