New Build Mortgage Proposition

Our New Build proposition has been designed with you and your clients in mind.


  • 9 month offers as standard for all New Build applications with a 3 month extension available, subject to up to date documents and re-score
  • 48 hour underwrite queue for New Build with additional documents to be reviewed within a 24 hours target
  • Able to value off plan. No charge for a standard property valuation for mortgage purposes where the property is worth less than £1.5 million
  • No application fees (all products)
  • No completion fees on selected products
  • For clients applying for a New Build house above 90% LTV, they will need to select a product from our dedicated New Build range
  • Product selected at application is reserved for the duration of the offer plus any extension.


  • Accepting applications up to 95% LTV for New Build houses and up to 90% LTV for New Build flats
  • Shared Ownership and First Homes England proposition and products available for New Build houses and flats up to 95%
  • 40 year term max (25 years for any element of interest only)
  • Flat above commercial, minimum value £150k outside M25/£300k within M25
  • High rise block of flats - no restriction on floors – if more than 5, lift access required
  • Skipton Exposure Limit per development = 20%.

To help you, we've created a handy guide on the key points of our New Build Proposition.

New Build Proposition [PDF]

We want to help more first time buyers onto the property ladder and one way we could help is through our Joint Borrower, Sole Proprietor (JBSP) proposition. This provides an option for another party such as friends or family to join the mortgage so that their income can be used to calculate affordability. We will accept up to four applicants and up to all four incomes. Plus, we're lending up to 95% on New Build houses and 90% on New Build flats on JBSP mortgages.

John Scrivens, New Build and First Time Buyer Lead

At Skipton we understand that the New Build market requires a specialist approach. We have designed our New Build proposition from broker feedback and recognise the need for quick decisions and longer offer periods in this fast paced and deadline drive market.

John Scrivens, New Build and First Time Buyer Lead

New Build Incentives

  • Where the value of the incentive is up to 2% of the purchase price/valuation (whichever is the lower), then there is no impact to the maximum LTV of 95% on New Build houses and 90% on New Build flats.
  • If the value of the incentive is more than 2% of the purchase price/valuation (whichever is the lower) then the maximum LTV is reduced by 5%.

Exposure limits

Please refer to our guide for the current list of postcodes where we’ve reached our New Build exposure limits.

Postcode exposure limits [PDF]

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