Skipton extends Delayed Start Mortgage to more home movers
The proposition, which launched for first-time buyers in 2025, has attracted more than £419m in applications to date.
Skipton Building Society has expanded access to its Delayed Start Mortgage, allowing more home movers to delay their first mortgage repayment by up to three months.
The proposition, which launched for first-time buyers in 2025, has attracted more than £419m in applications to date.
Eligible customers can choose to delay their first mortgage repayment by one, two or three months to help manage costs associated with moving into a new property.
Skipton said the product remains the only mortgage of its kind on the market.
Delayed Start can also be used alongside Skipton’s Income Booster joint borrower sole proprietor (JBSP), New Build and Shared Ownership applications, as well as its Track Record Mortgage, subject to eligibility criteria.
Skipton previously found that first-time buyers spend more than £30,000 during the first three months after moving into a home, including on furniture, appliances, decorating and removals.
Since Delayed Start launched, the strongest application demand has come from the South East, followed by Greater London, the East of England and the West Midlands.
Jen Lloyd, head of mortgage products at Skipton Building Society, said: “Moving home can be both exciting and expensive.
“While the mortgage is often the focus, many of the financial pressures come from everything happening around the move itself, from furnishing a property and carrying out improvements to managing overlapping costs as households transition from one home to the next.
“The strength of customer demand for Delayed Start has reinforced what we’ve long believed: greater flexibility can make a meaningful difference at key moments in the home-buying journey.
“That’s why we’ve taken the decision to extend the proposition beyond first-time buyers and make it available to more home movers.
“As a mutual, we’re focused on finding practical ways to support customers through real-life challenges. Whether someone is buying their first home or moving up the ladder, they deserve products that reflect how people actually live, move and manage their money.”
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