Skipton new-build mortgage criteria

Criteria	Verdict	Detail
New-build max LTV (houses)	Yes	up to 95% LTV up to 100% possible via Track Record
New-build max LTV (flats)	Yes	up to 95% LTV incentives over 2% of price reduce max LTV by 5 points; over 5% declined
Builder gifted deposit	No	—
Gifted deposit (family)	Yes	—
Max LTV (standard)	Yes	up to 95% LTV Note: Loan-amount-vs-LTV table: GBP600,000=100%* (footnoted: 'If LTV >95%, additional eligibility criteria applies, for further details please refer to Track Record Mortgage'), GBP750,000=90%, GBP1,000,000=85%, GBP1,500,000=80%, GBP3,000,000=75%, GBP5,000,000=60%. The 100% figure is the Track Record scheme, not standard purchase; standard 'Purchase' row is explicitly 95%. \| Track Record scheme 100% LTV excluded (scheme, requires additional eligibility criteria)

Criteria

Verdict

Detail

New-build max LTV (houses)

Yes

up to 95% LTV

up to 100% possible via Track Record

New-build max LTV (flats)

Yes

up to 95% LTV

incentives over 2% of price reduce max LTV by 5 points; over 5% declined

Builder gifted deposit

—

Gifted deposit (family)

Yes

—

Max LTV (standard)

Yes

up to 95% LTV
Note: Loan-amount-vs-LTV table: GBP600,000=100%* (footnoted: 'If LTV >95%, additional eligibility criteria applies, for further details please refer to Track Record Mortgage'), GBP750,000=90%, GBP1,000,000=85%, GBP1,500,000=80%, GBP3,000,000=75%, GBP5,000,000=60%. The 100% figure is the Track Record scheme, not standard purchase; standard 'Purchase' row is explicitly 95%. | Track Record scheme 100% LTV excluded (scheme, requires additional eligibility criteria)

Adviser's view

Skipton new-build mortgage criteria at a glance

Max LTV (houses): 95%
Max LTV (flats): 95% — unusually, no gap between the two property types
Incentives on flats: anything over 2% of the price reduces the maximum LTV by five percentage points; packages above 5% are declined outright
Builder-gifted deposits: not accepted at all
Track Record proposition: can stretch further, though outside the ordinary new-build purchase criteria

Skipton matches its 95% house ceiling on flats too, which is unusual — most lenders build in a meaningful gap between the two, so Skipton is worth prioritising for flat purchases where a client has only a 5% deposit. Above the standard route, its Track Record proposition can stretch further still, though that sits outside the ordinary new-build purchase criteria.

Incentives on flats are handled on a sliding scale rather than a flat cap: anything over 2% of the price starts reducing the maximum LTV by five percentage points, and any incentive package above 5% is declined outright, so a generous developer offer can actually work against a client here. Builder-gifted deposits specifically aren't accepted at all, which is a distinct point from the incentive-scaling rule above and worth checking early in any new-build case.

The table above has the current positions; confirm with Skipton before applying.

FAQ

Does Skipton lend on new-build properties?

Yes. Skipton lends up to 95% LTV on new-build houses and, unusually, matches that 95% ceiling on flats too — most lenders build in a meaningful gap between the two — which makes it worth prioritising for flat purchases where a client has only a 5% deposit.

How does Skipton treat incentives on new-build flats?

On flats, Skipton uses a sliding scale rather than a flat cap: any incentive over 2% of the price starts reducing the maximum LTV by five percentage points, and any package above 5% is declined outright. Separately, builder-gifted deposits aren't accepted at all, so a generous developer offer can work against a client.