MORTGAGE applications for new build properties for those with a minimum 25 per cent deposit are being accepted by Skipton Building Society.

The move comes as the Society launches a refreshed residential and buy to let fixed product range with reduced rates on selected products.

Under a revised affordability approach, Skipton has already confirmed it will accept cases from applicants who have been furloughed. However, affordability will be assessed on the new, furloughed income, including any top up contributions made by the employer. The maximum LTV where any applicant is relying on furloughed income is 60 per cent. Product transfers are excluded from these restrictions, unless the applicant is also seeking additional funds

Highlights of Skipton’s new mortgage range include:

• Residential 2 Year Fixed at 1.15% to 60% LTV (£995 fee)

• Residential 5 Year Fixed at 1.57% to 75% LTV (1,995 fee)

• Fee free residential 2 Year Fixed at 2.19% to 60% LTV with 1% cashback

• Buy to Let 2 Year Fixed at 1.64% to 60% LTV (£1,995 fee)

Alex Beavis, Skipton’s Head of Mortgages, said: “After the recent uncertainty surrounding the housing market, we’re delighted to announce that we now accept new build mortgage applications, including Help to Buy, up to and including 75 per cent LTV.

"During this difficult and unusual environment, Skipton remains committed to supporting borrowers by providing access to a broad range of competitive mortgage deals. We’re working hard to continue to make our proposition as widely accessible as possible whilst also maintaining the high levels of service brokers and customers expect.”

The new range is available through the Society’s Skipton Direct customer service centre and intermediaries.

Anyone wishing to find out more about our new mortgage range can visit the Society's website at, or call our direct customer service team on 0345 8501755.