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12 months of paying rent could help you buy a home

Buy a home of your own with no deposit or a deposit of less than 5%, with a fixed rate for five years. You could be eligible if you're aged 21+, haven't owned a UK home in the last three years and have paid rent for 12 months in a row within the last 18 months.

Subject to eligibility and lending criteria. If you don't keep up with your mortgage payments, you could lose your home.

Call us to discuss your options and see if a Track Record mortgage could be right for you.

0345 607 9831
Man and woman holding keys in front of their new home

Buy with little or no deposit

For current or recent renters, aged 21+

Fixed rate for 5 years

Borrow up to £600,000

A home of your own could start with a conversation

Call now on 0345 607 9831 for:

  • a friendly chat about your situation
  • an initial idea of whether Track Record could work for you
  • support with what comes next
  • no pressure to apply.
happy couple looking at laptop together

How a Track Record mortgage works

Your rent could be worth more than you think

If you've paid your rent on time for 12 months in a row (within the last 18 months), your renting history could help you buy a home.

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No deposit or a deposit of less than 5%? You still have options

You can apply without a deposit. If you have a deposit of less than 5%, we may accept that too. That's equivalent to borrowing at more than 95% Loan to Value (LTV).

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You'll know where you stand

With a fixed rate for five years, you'll know what your mortgage repayments will be throughout that period.

Person with speech bubble with pound symbol inside it next to them.

You can take your time settling in

You could use your delayed start feature, alongside a Track Record mortgage, to delay your first repayments by 1, 2 or 3 months after completion (depending on your product). Interest still builds from day one.

Hand holding a house.

Paying rent month after month should count for something

Our Track Record mortgage could help you take that next step towards owning a home, even if you don't have a deposit.

You could be closer to home ownership if:
  • you haven't owned a home in the UK in the last 3 years
  • you can show that rent has been paid for 12 months in a row within the last 18 months
  • you're aged 21+
  • you've kept up with all your credit payments in the last 6 months
  • you're buying in England, Scotland or Wales^.

A few things worth knowing:

  • you don't have to be renting right now, just within the last 18 months
  • you could be living in shared accommodation, jointly paying rent
  • you could borrow up to £600,000.

You can apply with up to 3 other people. If you rent together you'll need to show that rent has been paid for 12 months in a row within the last 18 months, either by one of you or collectively. If you rent separately, each of you can show your own rent payments. We may ask to see proof of household bill payments.

^Track Record isn't available in Northern Ireland or the Isle of Man.

Ready to find out what's possible?

If the above sounds like you, let's talk about how a Track Record mortgage could get you into a home of your own. Call us on 0345 607 9831.

Built on trust. Designed around real life.

At Skipton, we've been helping people own a home of their own for generations.

As the way people save, rent and buy has changed, we've continued to look for new ways to support home ownership. Track Record mortgage is one example, recognising the commitment you've already shown by paying your rent month after month.

Female Skipton branch staff member smiling warmly

"We haven't looked back"

For Andrew and Justine, affording a mortgage wasn't a problem. Finding a lender who'd offer one was.

That was until applying for Track Record mortgage.

"We haven't looked back. I can't commend Skipton enough on how easy it was. Sometimes we just look at each other and say, 'This is ours.' And that's still a really lovely feeling."

Just like Andrew and Justine, your renting history could help make home ownership a reality.

Couple standing smiling in front of house.

Renting could be the reason you get the keys

Let's talk about your options, call 0345 607 9831.

How renting could become owning

Everyone's situation is different. Here are a couple of illustrative examples of how a Track Record mortgage might help people who are renting and looking to buy a home.

Steve earns £40,000 a year and was paying £750 a month in rent.

  • Amount borrowed: £161,500
  • Monthly mortgage payment: £1,000
  • Mortgage term: 25 years
Man smiling while typing on laptop.

Vicky and Ian earned a combined £80,000 and were paying £800 a month in rent.

  • Amount borrowed: £180,000
  • Monthly mortgage payment: £1,000
  • Mortgage term: 34 years
Young couple smiling while looking out of train window.

Frequently asked questions

Yes. We use your history of paying rent to support your application, instead of relying on savings alone.

The quickest way to understand how much you could borrow is to speak to a member of our mortgage team. They'll talk through your circumstances and explain whether Track Record could work for you.

We need to see a proven track record of paying your rent every month for at least 12 months, within the last 18 months.

You can provide this with either:

  • 12 months of bank statements, or
  • a letter from your letting agent.

If you use a letting agent, they'll need to be registered with a recognised body (like ARLA).

Yes. Up to 4 people can apply together.

If you're renting the same property, you can use evidence of the rent you've paid together, as long as rent has been paid for 12 consecutive months within the last 18 months.

If you rent separately, each applicant will need to provide evidence of their own rent payments.

There are no application or completion fees for our Track Record mortgages.

Other charges may apply depending on your circumstances, including an Early Repayment Charge if you repay your mortgage during the fixed-rate period. See our Tariff of Mortgage Charges [PDF] for full details.

We'll also cover the cost of a standard mortgage valuation for properties under £1.5 million.

Just so you know, this is for our lending purposes only. It's not a survey, so it won't highlight any issues with the property. If you want a more detailed check, it's worth arranging your own survey – such as a RICS Level 2 or Level 3 Home Survey.

Mortgage valuations and property surveys are not regulated by the Financial Conduct Authority.

Yes, we accept applications for new build homes - not including flats.

A new build is a property that's never been lived in. This includes newly built homes, as well as properties that have been converted into homes within the last three calendar years.

Our mortgage team will ask you a few questions about your situation to help you work out if a Track Record mortgage might be right. If you haven't arranged a Decision in Principle (DIP), we'll go through this with you. A DIP gives you an indication of how much we could lend to you.

After that we'll arrange a meeting with one of our mortgage advisers to take you through what's needed and to firm up what you could borrow. You'll need to provide details of your renting track record before the meeting. We'll explain how you go about this.

Talk to a member of our mortgage team and find out if a Track Record could work for you

Call 0345 607 9831.