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	Yes	— Accepted as a builder incentive, not declined: 2% or less no LTV restriction; over 2% and up to 5% max LTV reduced by 5 points (95% to 90%); builder deposit must be in addition to, not in place of, the customer's own minimum 5% deposit; incentives over 5% declined; Track Record mortgage does not accept incentives over 2%. The extracted A-Z no was wrong (A-Z says incentives may affect the maximum LTV allowable); corrected 13 Sep 2026 on owner (CeMAP broker) confirmation and the Skipton new-build criteria page
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

Yes

—

Accepted as a builder incentive, not declined: 2% or less no LTV restriction; over 2% and up to 5% max LTV reduced by 5 points (95% to 90%); builder deposit must be in addition to, not in place of, the customer's own minimum 5% deposit; incentives over 5% declined; Track Record mortgage does not accept incentives over 2%. The extracted A-Z no was wrong (A-Z says incentives may affect the maximum LTV allowable); corrected 13 Sep 2026 on owner (CeMAP broker) confirmation and the Skipton new-build criteria page

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
Builder incentives, including deposit contributions: accepted — 2% of the price or less has no LTV restriction; over 2% and up to 5% reduces the maximum LTV by five percentage points (95% to 90%); packages above 5% are declined
Own deposit: the buyer still needs at least 5% of their own — a builder deposit can sit on top of that, not replace it
Track Record mortgage: incentives over 2% are not acceptable on this product
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.

Builder incentives — including a deposit contribution from the developer — are accepted, but on a sliding scale rather than a flat cap: up to 2% of the price has no effect on the maximum LTV, anything over 2% and up to 5% cuts it by five percentage points (so 95% becomes 90%), and a package above 5% is declined, so a generous developer offer can work against a client here. A builder deposit also can't stand in for the buyer's own money: Skipton wants at least a 5% deposit from the customer, with any builder contribution on top. The Track Record mortgage doesn't accept incentives over 2% at all.

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 builder incentives on new builds?

Skipton accepts builder incentives, including a deposit contribution, on a sliding scale rather than a flat cap: up to 2% of the price has no LTV restriction, anything over 2% and up to 5% reduces the maximum LTV by five percentage points (95% to 90%), and a package above 5% is declined. A builder deposit can be added to the buyer's own minimum 5% deposit but can't replace it, and the Track Record mortgage doesn't accept incentives over 2%.