Quick stats

Icon - Lenders

UK's 14th largest lender

Skipton lent just over £4bn in 2018. That's 1.5% of all mortgage lending.

Icon - Mouse

14-day submission time

That's 2 days faster than the average of 25 lenders we measured.

Icon - Tablet

Borrow 4.75 x your income

You could borrow up to this amount if you meet the lender's requirements.

About Skipton

Skipton has over one million customers spread out across its savings and mortgage accounts. This helps it to account for a 1.2% share of the UK residential mortgage balances.

Founded in 1853, today Skipton offers mortgages to clients ranging from first-time buyers to landlords. As is the case with many lenders, Skipton has affordability and credit checks in place, so if you’re unable to pass these then you may struggle to get approved for a mortgage with them.

Skipton offers first-time buyer mortgages, buy to let mortgages, help to buy mortgages, forces help to buy mortgages and the ability to remortgage.

In this review we'll cover:

Compare Skipton mortgages

Compare Skipton mortgages and see how your monthly payments would change depending on the initial period, total mortgage length, your deposit and how much you want to borrow.

After you choose a Skipton mortgage deal, one of our expert mortgage brokers can check whether you're eligible and help arrange the mortgage for you.

Your home may be repossessed if you do not keep up repayments on your mortgage.

New mortgage
Your loan to value is 60.00%

Is Skipton a good mortgage lender?

There are a number of ways to assess a mortgage lender’s level of quality. We find that the best way to do this is to look into how its customers feel about the lender’s services.

Between July and December of 2018, the Financial Conduct Authority (the financial regulator) received 376 officially upheld complaints.(1) This is around 0.2% of their customers, and is below the 0.4% average across the lenders we’ve looked at.*

*The number of customers served by this lender isn’t publicly available so we’ve estimated this figure based on market share and average house price in the UK.

How long does a Skipton mortgage application take?

Skipton has an average application processing time of 14 days. This is slightly below the current average for lenders we have tested, which is 16 days.

When considering how long an application will take to process, there are a number of factors to be taken into account. Firstly, your own personal circumstances contribute to a longer or shorter processing time. Secondly, if it’s a busy time of year for mortgage applications, then this could impact on the processing time. And don’t forget, the quality of your application can also affect the process. 

If time is of the essence, then a mortgage broker can help to progress your application as swiftly as possible.

How much could I afford to borrow from Skipton?

As of August 2019, Skipton lends its customers up to 4.75 times their income. Of course, depending on your personal circumstances, this can vary.

These details were last updated on 8th August 2019.

Skipton mortgage calculator

Use this calculator to see how much you may be able to borrow with a Skipton mortgage. Calculate your monthly Skipton mortgage repayments.

How much can I borrow?
Mortgage repayment calculator

Your home could be repossessed if you don't keep up repayments on your mortgage.

Talk to a mortgage broker or lender to get a more accurate remortgage savings amount.

You could borrow up to:

Loan to value (LTV):00%
Including your deposit, you could afford a house price up to£000,000
Other fees you may have to pay:
Broker fee(free with Trussle)
Additional fees(learn more)

Next steps

If you're ready to get a mortgage, the next step is to answer a few more questions. Then a Trussle adviser will find the best mortgage deal for you.

Your home could be repossessed if you don't keep up repayments on your mortgage.

Talk to a mortgage broker or lender to get a more accurate remortgage savings amount.

Frequently asked questions (FAQs)

This information was updated in August 2019

Skipton has a range of mortgages that could suit your circumstances – whether you’re a first-time buyer, you want to remortgage, you’re moving home or you’re a landlord.

First-time Buyer

If you’re a first-time buyer, Skipton has:

  • 2-year-fixed rate mortgages

  • 2-year tracker mortgages

  • 5-year fixed-rate mortgages

  • 7-year fixed-rate mortgages


If you need to remortgage, Skipton has:

  • 2-year fixed-rate mortgages

  • 2-year tracker mortgages

  • 5-year fixed-rate mortgages

  • 7-year fixed-rate mortgages

Moving House

If you’re moving house, Skipton has:

  • 2-year fixed-rate mortgages

  • 2-year tracker mortgages

  • 5-year fixed-rate mortgages

  • 7-year fixed-rate mortgages


If you’re a landlord, Skipton has:

  • 2-year buy-to-let fixed-rate mortgages

  • 5-year buy-to-let fixed-rate mortgages

Your Skipton mortgage offer is valid for six months. If you don’t end up buying the home you intended to, you won’t be able to transfer the offer to another property.

Some limited deals may give slightly different conditions depending on the promotion.

If new information emerges later on, or your circumstances change, Skipton may need to do another credit check and consider whether you can still afford the mortgage.

This could lead to your mortgage offer being withdrawn if your situation has changed significantly.

Your first Skipton mortgage payment will be due on the first day of the month following release of funds.

It’s worth noting that funds for completion are sometimes released to a conveyancer a day before completion if they request it.

When it comes to charging interest, Skipton counts the day the funds are released as completion rather than the legal completion date.

With Skipton you can pay off your mortgage sooner than you’d planned by increasing your monthly repayments or paying off a lump sum.

If you pay more than 10% of your mortgage balance in any one year, there are early repayment charges on most Skipton mortgages.

Yes. In fact, you could have a mortgage payment holiday for up to three consecutive months.

There are a number of conditions:

  • You’ve had your Skipton mortgage for six months

  • You’ve had no arrears

  • It won’t take the Loan to Value of your mortgage above 95%

  • You’ve made enough overpayments to cover the holiday

  • You can’t take more than six months of payment holidays in a 12-month period

  • You need to discuss it with Skipton first

Bear in mind that while you won’t pay anything during the holiday, Skipton will carry on adding interest to your account, so your balance will increase.

When your Skipton mortgage deal ends, if you don’t switch to another deal your mortgage will be moved onto one of three variable rates.

They are:

  • Standard Variable Rate (SVR)

  • Base Rate Tracker (BRT)

  • Mortgage Variable Rate (MVR)

Which rate your mortgage is moved onto depends on when you applied for your deal. You’ll find it on your mortgage offer.

Yes, it does! You can check your balance, make payments into your savings account, transfer money to your account, and see your mortgage details, transactions and mortgage statements.

You need building insurance if you have a mortgage with Skipton. You can choose the provider, but the policy has to meet Skipton’s requirements.

If you’re wondering whether you had Payment Protection Insurance (PPI) on a Skipton mortgage it’s best to check directly with them. However, the deadline to make a claim was the 29th August 2019, so you may no longer be able to claim. 

PPI isn’t included with new mortgages.

You can visit Skipton here.

Or call one of these numbers:

New mortgages:      0345 607 9825

Application updates: 0345 607 9825

Additional Borrowing:  0345 607 9842

Changing your mortgage: 0345 600 8085

Payments and general enquiries: 0345 850 1711

Online help desk: 0345 702 5026

Lines are open:

Monday to Thursday 8:00am to 8:00pm

Friday  8:00am to 5:30pm

Saturday 9:00am to 12:00pm

Trussle holding phone icon

Get a mortgage with Trussle today

  • Our customers save an average of £310 a month on their mortgage*

  • Trussle is fee-free for most customers**

  • 5-star Trustpilot rating from over 5,000 reviews

  • 12,000 mortgage deals from 90 lenders

  • Skip the paperwork: apply online any time

*The savings figure is from Trussle mortgage customers in August 2022. **You may have to pay a fee depending on your circumstances and credit history. Learn more.

Your home could be repossessed if you don't keep up repayments on your mortgage.

You may have to pay an early repayment charge to your existing lender if you remortgage.

What people are saying about Trussle...


All information was sourced from Skipton’s own website, unless referenced below.

  1. FCA

Source, used for info but not directly referenced in article:

  • Finder

  • Skipton annual report