Skipton Building Society
Building SocietySkipton Building Society is the UK's fourth-largest building society, offering residential, buy-to-let, and self-build mortgage products from its base in North Yorkshire. It pioneered the Track Record Mortgage for renters with no deposit, helping creditworthy tenants step onto the property ladder.
About Skipton Building Society
Skipton Building Society was founded in 1853 in the North Yorkshire market town of Skipton. It has grown to become the UK's fourth-largest building society while retaining its headquarters in the town. Skipton is a mutual organisation with no shareholders, returning value to members through competitive products and service.
Skipton is known for innovation in mortgage lending. The society pioneered the Track Record Mortgage, allowing renters with a strong payment history to secure a mortgage without a deposit. Skipton also offers residential, buy-to-let, and self-build mortgages. The society serves customers through branches, online, and via mortgage brokers.
Skipton has expanded through acquisitions including the Cheshire and Stroud & Swindon building societies. The society is regulated by the FCA and PRA and maintains a strong presence in the North of England with nationwide reach through intermediaries.
Lending Focus
Skipton Building Society offers mortgage products across 3 categories including Residential, Buy-to-Let, Self Build.
Key Features
- Track Record Mortgage for renters with no deposit requirement
- Self-build mortgage with stage-release funding
- Competitive buy-to-let products for individual and limited company landlords
- Large-loan residential mortgages for higher-value properties
- Fee-free and cashback options on selected mortgage products
Pros & Cons
Pros
- Pioneered the Track Record Mortgage — allowing renters to buy with no deposit
- Self-build mortgages available with staged advance payments
- Competitive buy-to-let products including limited company lending
- Cashback offers available on selected mortgage products
Cons
- –No shared ownership or Help to Buy products
- –Branch network concentrated in Yorkshire and Northern England
- –Track Record Mortgage has strict eligibility criteria
Fees & Charges
- Arrangement Fee
- £995 or fee-free options available
- Valuation Fee
- Free on selected products; otherwise £250–£1,500 depending on property value
- Early Repayment Charge
- 1–5% during the initial deal period
- Overpayment Allowance
- Up to 10% per year without charge
Mortgage Rates
Rate data coming soon. View rates on Skipton Building Society
| Product | Initial Rate | Type | Initial Term | Revert Rate |
|---|---|---|---|---|
| 2 Year Fixed | TBC | Fixed | 24 months | TBC |
| 5 Year Fixed | TBC | Fixed | 60 months | TBC |
| Tracker | TBC | Variable | 24 months | TBC |
Application Process
- Processing Time
- 2–4 weeks from application to offer
- Online DIP
- Yes — available online
- Offer Valid For
- 6 months
Lending Criteria
- Maximum LTV
- 95%
- Max Loan Amount
- £2m
- Min Loan Amount
- £25k
- Rate Types
- fixed, tracker, discount
Frequently Asked Questions
What is the Skipton Track Record Mortgage?
The Track Record Mortgage is a 100% LTV product for renters who can demonstrate a strong track record of paying rent on time for at least 12 months. It requires no deposit, making it a unique option for creditworthy tenants who struggle to save.
Does Skipton Building Society offer self-build mortgages?
Yes, Skipton offers self-build mortgages with stage-release funding, where money is advanced at key stages of the build process. This helps manage cash flow during construction.
Can I get a buy-to-let mortgage through Skipton as a limited company?
Yes, Skipton Building Society offers buy-to-let mortgages for limited company borrowers as well as individual landlords, with competitive rates across their range.
What is the maximum loan amount with Skipton Building Society?
Skipton Building Society offers residential mortgages up to £2 million and has a dedicated large-loan team for higher-value property purchases.
How to Apply
Direct & broker access. Apply directly or via a broker for whole-of-market access. Find a broker
Similar Lenders
View all lenders| Name | Niches | Type | Max LTV |
|---|---|---|---|
| Cambridge Building Society | Residential, Buy-to-Let, Self Build+1 | Building Soc. | 95% |
| Dudley Building Society | Residential, Buy-to-Let, Self Build+1 | Building Soc. | 90% |
| Leeds Building Society | Residential, Buy-to-Let, Self Build+1 | Building Soc. | 95% |
| Leek Building Society | Residential, Buy-to-Let, Self Build | Building Soc. | 90% |
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