You’ll already be aware that our Track Record mortgage says to your clients, if you can afford to rent, you could afford to buy.
Here’s what you need to know:
- Up to 100% LTV mortgages for current or recent renters, aged 21 or over, who haven’t owned a property in the UK in the last 3 years and who can demonstrate that rent has been paid for 12 months in a row, within the last 18 months.
- Deposit of less than 5% considered, even if it’s gifted.
- Max term 40 years.
- Max LTI 4.49.
- Monthly payments up to 150% of current rent in some cases (calculated as a mean average over the last six months).
- Available on New Build flats and Shared Ownership.
- Can be used with our delayed start feature.
We’re always looking for ways to enhance our criteria, based on your feedback, so it’s always worth another look to see if we could help your current or next client:
Three years on, Track Record continues to evolve, helping more of your clients take that next step on their home buying journey. Subject to lending and eligibility criteria.
If you have any questions, please speak to your Skipton BDM or visit our website.