Skipton launches a 100% mortgage – how does it compare

Skipton Building Society has launched the UK's first 100% loan-to-value mortgage exclusively available to renters. Similar deals are already available from a number of lenders, but all require some type of help and guarantee from family.

A couple celebrating moving in to a new home
(Image credit: © Getty images)

Skipton Building Society has launched a new style of deposit-free mortgage that will enable first-time buyers to get on the property ladder by providing evidence that they have made their rental payments on time over a 12-month period.

Applicants need to be over the age of 21 and have a good credit history when applying for Skipton’s Track Record mortgage - but do not need a guarantor.

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Katie Binns

Katie is deputy editor of Times Money Mentor and long-time contributor to the Sunday Times where she started on the Irish desk in 2012 and spent 10 years covering news, culture, travel, personal finance and celebrity interviews. 

Her investigative work on financial abuse has examined the response of banks, the Financial Ombudsman and the child maintenance service to victims, and resulted in a number of debt and mortgage prisoners being set free - and a nomination for Best Finance Story of the Year at the Headline Money awards in 2021 and 2022. 

Katie was also shortlisted for Freelance Journalist of the Year at the Headline Money awards in 2022, 2023 and 2024 and won Personal Finance Journalist of the Year at The British Bank Awards 2022.