#skipton building society

[notayesmanseconomics]

What do UK house prices tell us about Bank of England policy?

Tomorrow the Bank of England votes on what to do with UK interest-rates and there is a fair bit for it to consider. Yesterday they received some advice from the Vampire Squid. Bank of England could be forced to raise interest rates to 5% this summer, Goldman Sachs has warned, as Britain struggles to bring down the highest rates of inflation among the G7 group of advanced economies. ( The…

[thefinancehouse]

Guide to buying first home.

Guide to buying first home. Know Someone Wanting to Buy Their First Home? Share This Vital Guide to Help Them Secure Their Future

As house prices continue to rise, getting onto the property ladder feels more like a distant dream for many first-time buyers. But here’s some good news: it’s not as tough as it seems! With a variety of innovative mortgage options and government-backed schemes, securing that first home is more achievable than ever. If you know someone who’s ready to buy but doesn’t know where to start, sharing these top tips could be the key to turning their homeownership dreams into reality. No Deposit? Saving for a deposit may often seem like the biggest hurdle for first-time buyers. However, there are options out there that could provide some assistance – we’re already seeing a zero-deposit mortgage product from Skipton Building Society for example. Their Track Record Mortgage doesn’t require a deposit if the potential first-time-buyer has already been renting consistently for at least 12 months1 – it could be something to let any potential movers know about. Why They Should Know with Guide to buying first home.: - No Savings Needed: A deposit is no longer a barrier necessarily —this mortgage can let them jump straight in. - Rental History Counts: Evidence of consistent rent payments can be enough to qualify. Imagine the relief of moving from renting to owning without the stress of saving thousands for a deposit! This could be the breakthrough they’ve been waiting for. Flexible Family Support Many first-time buyers may decide to turn to family for help, but not everyone can afford to hand over a lump sum. Generation Home understands this and offers flexible mortgage options that can make family support easier. With their Income Booster feature, a parent or even a close friend can add their income to the mortgage application, increasing the amount that can be borrowed. Meanwhile, the Deposit Booster lets loved ones contribute to the deposit as an interest-free loan, equity stake, or gift2. Why They Should Know: - Tailored Support: Loved ones can help in a way that suits their finances—no more pressure to give cash upfront. - Innovative Features: Dynamic Ownership allows shared ownership, with equity stakes that can adjust over time. By spreading the load, this approach can transform the home-buying process, making it accessible and potentially more affordable for those involved. A Small Deposit, Big Opportunities For those who’ve managed to save a little, 95% LTV mortgages may offer a good solution to getting on the property ladder for the first time. Available from several well-known high street lenders, the mortgages require just a 5% deposit, which can get around the challenges of raising a large lump sum ahead of buying a property3. Why They Should Know: - Low Deposit Requirement: Only 5% is needed—ideal for those with limited savings. - Trusted Lenders: Competitive rates from well-established, recognised and reputable lenders. This could be the stepping stone they need to turn their savings into a solid investment in their future. Family Assist and Guarantor Mortgages For families ready to offer more substantial support, Family Assist and Guarantor Mortgages can be an effective means of buying a first home. By using savings as collateral or agreeing to guarantee the mortgage payments, these options allow parents to provide significant help without handing over cash directly. Family Assist typically involves placing savings into a linked account, while guarantor mortgages mean the family member agrees to cover payments if the buyer falls short4. Why They Should Know: - Maximise Family Assets: A powerful way to leverage existing wealth to help the next generation. - Peace of Mind: Provides an extra layer of security for both the buyer and the guarantor. Imagine the confidence this gives—knowing they have a strong safety net as they step into homeownership. Government-Backed Schemes Even though Help to Buy has ended, the government still offers support for first-time buyers through schemes like Shared Ownership5 and the First Homes Scheme6. Shared Ownership allows buyers to purchase a portion of a property (usually between 25% and 75%) and pay rent on the rest, with the option to buy more shares over time. The First Homes Scheme offers new homes at a discount of at least 30%—a huge advantage in today’s market. Why They Should Know: - Affordable Entry: Lower initial costs can make it easier to get on the property ladder. - Growth Potential: Shared Ownership can allow them to increase their stake as their finances improve. These schemes are designed to make homeownership more accessible—why not take advantage of what’s on offer? Bespoke Mortgage Advice for Your Loved Ones If you know anyone looking to take that step onto the property ladder, why not refer them for bespoke mortgage advice, tailored to their exact situation. They may be surprised by the amount of options available, and depending upon their circumstances, could find out that what they once thought was impossible, may be a little further within reach. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it. For more information go to Mortgages - The Finance House Sources for Guide to buying first home. - Skipton Building Society (2024) Track Record Mortgage. Available at: https://www.skipton.co.uk/mortgages/track-record-mortgage  - Generation Home (2024) Income Booster. Available at: https://www.generationhome.com/income-booster  - Experian (2024) 95% mortgage: can you buy a house with a 5% deposit?. Available at: https://www.experian.co.uk/consumer/mortgages/guides/95-100-percent-mortgages.html  - Moneysupermarket (2024) What is a Guarantor Mortgage? Available at: https://www.moneysupermarket.com/mortgages/guarantor-mortgages/  - Gov.UK (2024) Shared ownership homes: buying, improving and selling. Available at: https://www.gov.uk/shared-ownership-scheme  - Gov.UK (2024) First Homes scheme: first-time buyer’s guide. Available at: https://www.gov.uk/first-homes-scheme  All the information in this article is correct as of the publish date 29th August 2024. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content, and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information. Please be aware that by clicking on to any of the above links you are leaving our website. Please note that neither we nor HL Partnership Limited are responsible for the accuracy of the information contained within the linked site(s) accessible from this page. Read the full article

[bestadviceuk]

Skipton to cut residential fixed rate mortgage pricing

Skipton Building Society is reducing rates across its mortgage product range at 9am on Tuesday 9 July. The rate reductions will take place across its fixed rate purchase and remortgage residential product ranges. Changes include rate reductions to 60% & 75% LTV fixed residential purchase and remortgage products. The larger reduction is to its two-year fixed purchase 60% LTV no fee mortgage. It…

[petnews2day]

HSBC, Skipton Join Rate Cuts Trend Ahead Of August Bank Decision – Forbes Advisor UK

New Post has been published on https://petn.ws/hKWBm

HSBC, Skipton Join Rate Cuts Trend Ahead Of August Bank Decision – Forbes Advisor UK

Find out what’s happening with mortgage rates today and calculate monthly repayments across a range of different rates and deals. 26 June: Number Of Interest-Only Loans On Way Down HSBC and Skipton building society are the latest lenders to cut selected fixed-rate mortgage rates in expectation of a summer interest rate cut by the Bank […]

See full article at https://petn.ws/hKWBm #PetFinancialNews

[ganhosdoelefante]

Ripon - 19 de Agosto de Ano 4 - Terça - Doc - 28 anos.

06:00 - Acordo e corro:

07:00 - Volto, tomo banho e me arrumo. 07:45 - Tomo café: The Yorkshire Tea Room

08:30 - Trabalho.

12:30 - Almoço no hosp:

13:00 - Volto ao trabalho. 17:00 - Saio e dou uma palestra: Skipton Building Society - Ripon

17:50 - Volto e tomo um café, lendo:

18:30 - Subo, tomo banho e fico confy. 19:00 - Fico vendo filmes. 20:00 - Janto:

20:30 - Fico assistindo filme até dormir.

[124daisies]

Skipton Building Society, Northgate, Cleckheaton

[qudachuk]

Nationwide, Skipton and Yorkshire building societies received the highest scores in the annual survey from Which?

[gadgetsforusesblog]

Restitution of the 100% mortgage elicits mixed reactions.

The 100 per cent mortgage is making a comeback, after Skipton Building Society this week launched a no-deposit deal aimed solely at tenants looking to buy their first home. Mortgages that allowed borrowers to take down 100 percent of a home’s value were a feature of the UK property market in the years leading up to the 2008 financial crisis, offered by lenders such as Northern Rock, Bradford &…

[technsavi]

Deposit-free mortgage launched in UK

Isobel Lawrance 9th May 2023 Reading Time: 3 minutes Deposit-free mortgage – is it worth it?  A UK building society has launched a deposit-free mortgage option. This is specifically being aimed at those currently renting and people struggling to get on the property ladder.  Skipton Building Society has said that although the new deal requires 12 months of on-time rental payments, it does not…

[onewestrealtyhn]

A los británicos se les ofrecen Crédito Hipotecario al 100% sin depósito por primera vez desde 2008

LONDRES: los inquilinos en el Reino Unido podrán pedir Crédito Hipotecario hasta el 100% del valor de una propiedad sin un garante o depósito en un nuevo plan hipotecario presentado por Skipton Building Society. Una sociedad de crédito hipotecario es una institución financiera británica que brinda servicios bancarios a sus miembros y es propiedad de ellos. El nuevo producto hipotecario, dirigido a primerizos que actualmente están alquilando, tiene un tipo fijo del 5,49% a cinco años, en un plazo máximo de 35 años. La tasa promedio a cinco años fue del 5% en marzo, según el Informe del Tesoro de Tendencias Hipotecarias del Reino Unido de Moneyfacts, en todas las relaciones préstamo-valor. Los compradores suelen obtener una tasa hipotecaria del 5,33 % en LTV del 95 %, según el informe, pero la mayoría de los compradores optan por una tasa más baja. Te ayudamos a consolidar tus deudas Varios bancos, incluidos NatWest, Santander y Nationwide, introdujeron hipotecas al 95 % en abril y mayo de 2021 después de que el gobierno británico anunciara un nuevo programa de garantía hipotecaria que fomenta préstamos de alta relación préstamo-valor para permitir que más compradores primerizos accedan a la escalera de la propiedad después de la pandemia. Se informa ampliamente que el nuevo acuerdo de Skipton es la primera vez que un prestamista hipotecario ofrece productos hipotecarios al 100% desde 2008, cuando algunas sociedades de construcción ofrecían tasas de hasta el 125%. Muchos de los productos fueron luego retirados del mercado cuando el país cayó en una crisis financiera. En un comunicado de prensa, Skipton dijo que garantizaría que los pagos mensuales de la hipoteca para cada solicitante no superen el promedio de los costos de alquiler de los últimos seis meses. La oferta solo está disponible para quienes compran por primera vez y está sujeta a la asequibilidad y los puntajes crediticios de los solicitantes, así como a un buen historial de pagos de alquiler durante al menos 12 meses. Lujoso condominio Residecial Campisa Skipton ha descrito la medida como "un salvavidas para los inquilinos… para ayudarlos a salir de sus ciclos de alquiler atrapados y acceder a la escalera de la propiedad por primera vez". Charlotte Harrison, directora ejecutiva de financiamiento de viviendas en Skipton, dijo que las personas que no pueden acceder a la escalera de la propiedad están “teniendo un impacto masivo en el tejido de nuestra sociedad”. “Reconocemos que existe una clara brecha en el mercado para las personas que tienen un sólido historial de pago de alquileres durante un período de tiempo para que puedan demostrar la asequibilidad de una hipoteca”, dijo Harrison en un comunicado de prensa. Según una investigación realizada por Skipton, el 35 % de los inquilinos tienen dificultades para ahorrar debido al aumento de los costos de alquiler. La medida podría ser "justo lo que se necesita" para algunos prestatarios, según Rita Kohli, directora gerente del servicio de asesoramiento hipotecario The Mortgage Shop, pero existen preocupaciones sobre el lanzamiento de este tipo de producto en un entorno en el que los precios de la vivienda podrían seguir cayendo. ″Esto significa que, como asesores, debemos asegurarnos de que los clientes entiendan muy claramente el riesgo del capital negativo”, dijo Kohli en una nota de investigación. Te ayudamos a identificar las mejores inversiones Existe un "grave peligro" de que los prestatarios "se extralimiten" con este tipo de producto, dijo en una nota Graham Cox, fundador del servicio de asesoramiento hipotecario Self Employed Mortgage Hub. “La más mínima caída en los precios de la vivienda… dejará a los propietarios con un patrimonio neto negativo, con la propiedad valiendo menos que el saldo de la hipoteca”, dijo Cox. “No es un gran lugar para estar si sus ingresos caen y necesita vender”, agregó. Para evitar que los clientes caigan en un patrimonio negativo, las pruebas de estrés deberán ser particularmente rigurosas, dijo a CNBC Andrew Wishart, economista sénior de Capital Economics, Andrew Wishart. “Eso significará que el máximo que la gente puede pedir prestado podría ser menor que con otras hipotecas, lo que significa que la brecha entre el precio de la vivienda que el comprador aspira a comprar y la cantidad que puede pedir prestada es particularmente grande”, dijo Wishart. También está la cuestión de si existe un problema estructural mayor en el mercado inmobiliario británico, con una "escasez grave" de propiedades disponibles para compradores primerizos, dijo a CNBC Jonathan Long, director de bienes raíces corporativos del banco Investec. Oportunidad de inversión en Roatán Comuníquese con One West Realty La Mejor Inmobiliaria de Honduras. Llame al +504 3376-5800 o desde Estados Unidos al +1 (984) 246-2100. Con gusto le daremos atención personalizada sobre Préstamos Hipotecarios, Consolidación de Deudas y como vender o comprar una propiedad en Honduras, estando dentro o fuera del País. Venda su casa hoy con One West Realty Grupo Inmobiliario Read the full article

[todaynowreport]

Deposit-free mortgage launched in UK

Isobel Lawrance 9th May 2023 Reading Time: 2 minutes Deposit-free mortgage – is it worth it?  A UK building society has launched a deposit-free mortgage option. This is specifically being aimed at those currently renting and people struggling to get on the property ladder.  Skipton Building Society has said that although the new deal requires 12 months of on-time rental payments, it does not…

[bestadviceuk]

Skipton International now live on Iress platforms

Iress has announced that Skipton International is live on its mortgage sourcing software, Xplan Mortgage and Trigold. All users of Iress sourcing products will be able to compare and apply for the full range of Skipton International’s mortgage products. Skipton International is a bank wholly owned by Skipton Building Society, and its range of UK buy-to-let deals for non-UK residents will be…

[petnews2day]

Skipton BS zero deposit loan pulls in £91.5m of applications in a year   – Mortgage Finance Gazette

New Post has been published on https://petn.ws/048Nb

Skipton BS zero deposit loan pulls in £91.5m of applications in a year   – Mortgage Finance Gazette

Skipton Building Society’s controversial 100% loan-to-value mortgage has attracted £91.5m in applications since it was launched a year ago.   The mutual’s Track Record loan allows tenants over 21 with “a strong track record of rental payments” to borrow the total cost of a property on a five-year fixed rate at up to a maximum of 35 years.      […]

See full article at https://petn.ws/048Nb #PetFinancialNews

[llchatoff]

Brits are being offered no-deposit 100% mortgage loans for the first time since 2008

Renters in the U.K. will be able to borrow up to 100% of the value of a property in a new mortgage scheme introduced by Skipton Building Society. http://dlvr.it/Snlzw1

[qudachuk]

Skipton has launched a range of two-year fixed mortgages to help borrowers at risk of payment difficulties, but they carry a 5% fee.