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Track Record is Skipton Building Society’s 100% mortgage designed for renters with a proven rental payment history. It can help eligible first-time buyers – and those who haven’t owned a home recently – to purchase without having to save a large deposit. However, borrowers must meet strict affordability rules and lending criteria, and be aware of risks such as negative equity.
A Track Record mortgage is Skipton Building Society’s 100% mortgage designed to help eligible renters buy a home without needing a deposit. Instead of relying on savings alone, it also takes your rental payment history into account alongside standard affordability checks.
KEY INFORMATION
Skipton’s Track Record mortgage has been designed to help current or recent renters onto the housing ladder with little or no deposit, and no need for a guarantor.
The mortgage uses rent payment history, alongside standard affordability and lending checks, to work out what someone may be able to borrow.
It is one of just a handful of 100% mortgages currently available. The maximum loan is £600,000.
However, while this may help some renters onto the housing ladder, like any 100% mortgage, it’s important to understand both the benefits and the risks before applying.
Get fee-free mortgage advice from the award-winning expert advisers at Mortgage Advice Bureau.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Please note some branches of Mortgage Advice Bureau may charge a fee for mortgage advice if you go direct. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. So make sure you use this site, this form or phone number for fee-free advice.
Skipton’s Track Record mortgage is a 100% loan-to-value (LTV) mortgage which means you can borrow the full purchase price of the property without needing a deposit – though you can also apply if you have a deposit of less than 5%.
If you are eligible, the interest is fixed for five years; that rate won’t change, even if interest rates fluctuate. The maximum term is 40 years.
As a borrower, affordability will be assessed using your track record of making rent payments. You need to have paid all your rent in full and on time for 12 months in a row within the last 18 months.
Just be aware that with a no-deposit mortgage, there is a higher risk of negative equity, meaning the value of your home can fall below the amount you owe.
Here’s how taking out a £250,000 mortgage with the 100% Track Record mortgage compares with buying a house with a 5% deposit.
| Cost comparison | Standard 95% mortgage | Track Record mortgage |
|---|---|---|
| Purchase price | £250,000 | £250,000 |
| Deposit | £12,500 | £0 |
| Mortgage needed | £237,500 | £250,000 |
| Loan-to-value (LTV) | 95% | 100% |
However, while the Track Record mortgage removes the need for a deposit, you’ll borrow more than with a 95% mortgage. This means you may pay more interest over the lifetime of the loan and face a greater risk of negative equity if house prices fall.
To be eligible for a Track Record mortgage from Skipton, you must be:
You don’t need to be renting right now to be eligible.
Here are the items that you need to have to hand before applying:
Yes. Skipton says it accepts applications for new build houses and flats. So, if you’re including newly-built homes within your property search, the Track Record mortgage could be worth a look.
Here’s what you need to know about Skipton’s rates and fees:
However, be aware that mortgage valuation is for the lender’s benefit and is not a survey. We recommend that you get your own detailed home condition survey commissioned to ensure the property you plan to buy is in good condition.
Also, note that ‘other fees’ may apply after the mortgage is taken out, depending on your circumstances.
If you’re considering taking out one of these 100% Track Record mortgages, make sure you get expert advice first. Speak to the award-winning mortgage advisers Mortgage Advice Bureau.
Get fee-free mortgage advice from the award-winning expert advisers at Mortgage Advice Bureau.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Please note some branches of Mortgage Advice Bureau may charge a fee for mortgage advice if you go direct. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. So make sure you use this site, this form or phone number for fee-free advice.
| Pros | Cons |
|---|---|
| Getting one of these mortgages may mean you can buy your first home sooner | Stricter eligibility than for some first-time buyer options |
| No deposit is needed, so there is less pressure to save a lump sum while paying rent | Interest rates may be higher than mortgages which require a larger deposit |
| Your history of rental payments helps demonstrate you can manage regular housing costs | There’s a risk of negative equity if property prices fall |
| May help renters with a strong payment record who can afford monthly payments, but who struggle to save enough for a deposit | Affordability and credit checks still apply, even if you’ve consistently paid rent |
| Can be helpful for some buyers looking to purchase new-build homes, subject to Skipton’s criteria | You still need to find the money for legal fees, a survey, moving costs, furniture and so on |
The biggest risk of no-deposit mortgages is negative equity. This is where, if the value of your home falls, you could end up owing more on your mortgage than your home is worth.
The risk of negative equity can be even greater with new build properties – particularly flats – and especially in the first few years. This is an important consideration with any 100% product. Read more in our guide on Negative equity: What it is and how to get out of it.
Also, as with any mortgage, your home could be repossessed if you don’t keep up with your repayments.
Mortgages for those with no deposit largely disappeared after the 2008 financial crisis, but have made a comeback in recent years, as lenders have been encouraged, by the government, to boost home ownership.
Skipton’s Track Record mortgage isn’t the only option if you’re struggling to save a deposit. There are now more low-deposit mortgage options available than there were just a few years ago, including 95%, 98% and other 100% mortgages.
In fact, Moneyfacts data shows that in February 2026, there were 537 deals available that let people borrow 95% of a property’s value – almost double the 274 in February 2024.
However, each option has its own eligibility criteria, costs and risks. Here are some of the main alternatives to consider.
| Option | Typical deposit needed | Who it may suit | Things to consider |
|---|---|---|---|
| Skipton Track Record mortgage | None required (though less than 5% is accepted) | Renters with a strong payment history who meet Skipton’s eligibility criteria | Uses rental payment history alongside affordability checks. You can borrow up to 100% of the property’s value, but there’s a greater risk of negative equity if house prices fall. |
| 95% deposit mortgages | 5% | Buyers who have saved a small deposit | Offers a wider choice of lenders and deals than most 98% or 100% mortgages and may offer more competitive interest rates. |
| 98% mortgage | 2% | Buyers with a small deposit who don’t qualify for a 100% mortgage | Product choice is more limited than for 95% mortgages and borrowing costs may be higher, but may be a good option if you’ve saved some, but not enough for a 5% deposit. |
| Guarantor mortgages | Often little or no deposit, depending on the lender | Buyers with family willing to help | Family members use savings or property as security, meaning potential risks for the guarantor. |
| Shared Ownership | Deposit on the share you buy (often 5% to 10% of your share) | Buyers who can’t afford to buy a home outright | You buy an initial share of the property (typically 10% to 75%) and pay rent on the rest. |
| First Homes scheme | Typically 5% of the discounted purchase price | Eligible first-time buyers purchasing selected new-build homes | Eligible buyers can purchase selected new-build homes at a discount of at least 30% below market value. However, availability is limited and eligibility criteria apply. |
KEY INFORMATION
Before making any decision, you need to carefully weigh up the pros and cons of the Track Record mortgage.
If you are a renter with a stable income, a clean recent credit history and a record of reliable rent payments – but you’ve struggled to save a deposit – this mortgage from Skipton may be worth a look as it offers a viable route to home ownership.
Just be aware that even though the Track Record mortgage removes the need for a deposit, affordability is still likely to be the biggest hurdle for many buyers. You’ll need enough income to pass Skipton’s lending checks as well as a strong rental payment history.
The Track Record mortgage may be less suitable if you’re buying at the top end of your budget, or if you expect to move or remortgage within the next few years. It’s also not likely to be a good fit if you’re worried about the risk of negative equity should property prices fall.
However, it won’t be the right choice for everyone, it’s worth comparing it carefully with other low-deposit – and no-deposit – mortgage options before applying.
Also, you may decide that you are better off being patient and waiting until you’ve saved up a bigger deposit. Having a larger deposit usually gives you access to a wider choice of mortgages.
Get fee-free mortgage advice from the award-winning expert advisers at Mortgage Advice Bureau.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Please note some branches of Mortgage Advice Bureau may charge a fee for mortgage advice if you go direct. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. So make sure you use this site, this form or phone number for fee-free advice.
Possibly not. A bad credit history could reduce your chances of getting approved. Skipton will assess your creditworthiness alongside your rental payment history, income, affordability – and other lending criteria – before making a decision.
However, like with any mortgage, whether or not you’re eligible will depend on your circumstances so it’s a good idea to speak to a fee-free mortgage broker about your options.
Yes. While Skipton’s Track Record product is designed as a 100% mortgage, you can still apply if you have a deposit of less than 5%.
Yes. Skipton does accept both money from your own savings and money gifted to you. However, any gifted deposit must be from someone who meets the lender’s criteria, and it must be properly documented. This will involve the person completing a ‘gifted deposit declaration form.’
Yes. Joint applicants can apply as long as both parties meet Skipton’s eligibility criteria and pass the lender’s affordability and credit checks. This includes proving that all rent has been paid either by one applicant, or collectively, for 12 months in a row, within the last 18 months.
Yes, if you currently receive housing benefit as part of Universal Credit, you can apply. However, when calculating your maximum loan based on your rent, any housing benefit would be removed from this calculation. Skipton gives the example that if your rent for the last 6 months is £500 but you have received £150 monthly housing benefit, you would use £350 in the lender’s affordability calculator.
Also, any housing benefit cannot be included as income. If you’re considering this mortgage and receive housing benefit, it’s a good idea to speak to a mortgage broker who will explain how it works.
Yes. Skipton’s Track Record mortgage is available in Scotland, and you can use it as long as you meet the lender’s eligibility criteria – and the property qualifies.
Yes. You can use this product to purchase a new-build home, subject to Skipton’s lending criteria and property requirements.
Yes. While Track Record has been designed to support first time buyers, you can apply if you’ve owned a property before – just as long as you haven’t done so within the last three years.
The Track Record mortgage is a type of 100% mortgage which uses your rental payment history to assess whether you’re able to manage monthly mortgage payments. There are other types of 100% mortgages available, read more in our guide 100% Mortgages – should I get one?
If you borrow 100%, the full purchase price, and your property’s value falls, you could end up in negative equity, meaning you owe more than it’s worth. You need to understand exactly what you’re getting into.
Yes. You can usually remortgage after your fixed rate deal ends, depending on your circumstances.
No. Skipton’s mortgage can only be used to buy a home to live in. It cannot be used for a Buy to Let property.
In May 2026, three years after it was launched, Skipton said this mortgage had helped around 2,500 people step onto the property ladder.
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