There is good news for renters looking to get on the property ladder but haven't been able to do so by not having enough or any deposit.
If you are a first-time buyer with a track record of paying rent and household bills, Skipton Building Society is now offering a mortgage for up to 100% LTV, to help you into your first home.
What are they offering?
- Up to 100% LTV mortgage for first-time buyers currently renting, who can demonstrate a track record of affordability of ALL monthly rent and household expenditure for a minimum of 12 months in the last 18-month period
- If there is a deposit, we are happy to consider even if it’s gifted. If the client has a deposit of 5% or more, they should seek our standard products as Track Record is designed for >95% lending
- The monthly mortgage payment must be equal or lower than the average of the last 6 months rental cost – e.g. if the average rent over the last 6 months is £800, the mortgage payment must be £800 or lower
If you would like further information please
click here and i will get our local recommended mortgage adviser to get in touch with you as soon as possible.