Skipton mortgages

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

Remortgaging

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

Landlord

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This could lead to your mortgage offer being withdrawn if your situation has changed significantly.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