
More than half of Track Record borrowers paying less than rent, says Skipton
The analysis of completed Track Record mortgages found that 53% of borrowers are paying less on their monthly mortgage repayments.

The analysis of completed Track Record mortgages found that 53% of borrowers are paying less on their monthly mortgage repayments.

The changes include notable decreases in the rates for its first-time buyer offerings, particularly the 100% Track Record mortgage, now set at its lowest level since launch.

The Skipton Group Affordability Index identified that only one in eight aspiring first-time buyers can afford a home in their local area.

Included within these reductions is a 0.15% reduction to its Track Record Mortgage, which sees it drop to its lowest ever rate of 5.29%.

The society's Track Record offering is now acceptable in conjunction with a Shared Ownership mortgage, available for a 5-year fixed rate.

Skipton Building Society's Track Record Mortgage marks its first anniversary with over £91.5m in applications.

Skipton Building Society announces a second consecutive week of mortgage rate cuts, including the lowest ever rate for its Track Record product.

The society has made a number of rate reductions across its residential and new build product ranges, as well as its buy-to-let and Government Scheme deals.
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