We have a step-by-step guide to support your clients through the house buying process:

First Time Buyers

For joint applications, all applicants must be first time buyers for the application to be classed as a first time buyer case.

These are the criteria we apply to first time buyers:

  • Minimum 6 months continuous employment
  • Maximum term 35 years
  • Capital and Interest repayment type only
Cashback options

We’ve created a range of products with first time buyers in mind. Including 1% cashback products and £1,000 cashback products (cashback paid after completion). You can view our product range here.

Gifted deposits accepted

We recognise one of the most challenging parts for your client when buying their first home is saving enough money for a deposit. Due to this, we can accept gifted deposits as part contribution or in full.

Tried and tested affordability assessment

You can check your client's affordability using our purpose built residential affordabilty calculator.

Continuous employment criteria

We require only six months continuous employment when taking out a mortgage.

Help to Buy products

We have an exclusive Help to Buy product range. You can find out more about these on our product range page.

Lifetime ISA

We're offering Skipton Lifetime ISA customers buying their first home £250 cashback on any Skipton mortgage in addition to any cashback offered as an incentive of the product. See our Lifetime ISA guide for our cashback offer terms and conditions and more information about using Lifetime ISA savings to buy a first home.

New builds

New build flats and house are popular with first time buyers so we give the flexibility of a 9+3 month time limit on mortgage offers for new build applications, so we can offer the mortgage product to your clients for longer.

Non-standard flats

Our lending criteria for non-standard flats have been simplified. The minimum property value threshold has been aligned to cover all types and is now £300,000 in London and £150,000 across the rest of the UK. We've also relaxed our LTV restrictions on flats (except for new builds where it is still restricted to 90% LTV). For further detail visit our A-Z lending criteria.

Non-standard flats are defined as:

  • studio flat
  • flat with retail/commercial unit within development
  • ex local authority flat
  • deck access flat
  • flat with mezzanine/galleried floor
Shared Ownership mortgage range

As Shared Ownership becomes more and more popular, our dedicated range of products give your clients more choice. You can find out more on our Shared Ownership page.

Direct access to our underwriters

Sometimes you need a question answering quickly, that's why we give you direct access to our underwriters when you need it.

Soft footprint at DIP

Our online DIP uses a soft credit search. The hard credit search only occurs at full mortgage application stage.

5 stars for service

We've been awarded 5 stars for service for five years in a row by the Financial Adviser Service Awards. You can find out about how we achieved this by looking at our Reasons we are five star page.

Our pledge to first time buyers

We believe in Real Life Lending for all. This means we treat each first time buyer fairly and with a positive approach, which enables us to be more flexible than ever.

You can find out more on our Real Life Lending page.

Speak to your BDM

BDM Finder

eMortgages

Submit new or manage existing applications on our online mortgage system.

Find out more
Product range

Take a look at our range of mortgages designed with first time buyers in mind.

Product range
Calculators

We have a range of tools including our affordability and monthly payments calculators.

Go to calculators