Our mortgage comparison tools have quickly searched for and found all the mortgage deals from the Skipton Building Society. See how the Skipton BS compares against other lenders and search for deals across the whole UK mortgage market. If you need to change the results then simply use the search filters to find and compare all the mortgage deals in an instant.
Products: Mortgage Lenders
Skipton Building Society was founded in 1853 to help people save for the future and achieve their dreams of owning their own homes. It has become one of the largest building societies offering a range of mortgage solutions including Mortgages home, Interest Only, First Time Buyers, Remortgaging, Buy to Let, Additional Borrowing, New Build and Moving House. The Society provides mortgages to first time buyers starting with a minimum 10% deposit.
If you’re thinking of remortgaging your existing property, you can get fixed and variable rate remortgage products that could be suitable for you. If you remortgage with Skipton, and choose a remortgage product with free legal fees, you won't have to pay anything for the standard legal costs, providing a home conveyancing service free of charge. You will also not normally be required to pay for a valuation of your property. The APR for remortgages ranges from 1.99% to 2.75%.
For Buy to Let mortgages, you can get the fixed rate or variable rate and the let property expected to achieve a minimum rental income in relation to the mortgage payment, for the property to qualify for a mortgage. Skipton’s Buy to Let mortgages allow portfolio landlords to build a maximum of up to 5 properties with a total borrowing of £1,500,000 with the Society. The APR ranges from 1.59% to 2.99%
For additional borrowing, you can borrow from £5,000, often up to 90% of the value of your home. Apart from products that offer cashback, additional Borrowing is available on any of our remortgage products.
It’s essential you know what you may be able to borrow before looking for your first home, so you’ll need to call us for an affordability check first.
You can obtain a Decision In Principle (DIP) over the phone, once you have found a property, and it only takes around ten minutes. The amount thy lend is based on an overall assessment of affordability, which considers your income, expenditure and the impact of potential future interest rate rises.
If your Decision in Principle is approved, the mortgage team will arrange a mortgage advice appointment where you will be advised on suitable mortgage and submit your full application. if all criteria are met you will receive your mortgage offer. A conveyancer is instructed to complete the legal work of investigating the legal title and preparing the mortgage documentation. Once all legal work is completed, the funds are released.
Skipton is a good choice if you need highly flexible mortgages. The application process is slick and easy while their underwriters are always very professional and friendly and make the complete process of applying through to offer a great experience.