According to the Skipton Building Society, a proven mortgage with a proven track record from 100% loans has been inscribed with an application of around £200 million since its launch.
The loan, which is aimed at first-time buyers, has attracted £1,986 million and £111 million on completion since its debut in May 2023. 
Product loans allow tenants with a “strong track record of rental payments” to borrow up to £600,000 on a five-year fixed-rate loan.
The lender states that the expansion of completion across the UK is:
East Midlands Regions% East Midlands9% East of England9% Greater London2%Northeast9%Northwest11%North Ireland0%Scottland20%Southeast11%Southwest6%
Skipton's head of mortgage products and proposal Jen Lloyd said:
She adds: “We continue to evolve our products, expanding our maximum period from 35 to 40 years, allowing new build flats and introducing cashback options.”
Last week, Skipton Group, which owns Mutual and Real Estate Connells, posted its mortgage balance at £30.9 billion, up 8.2% from last year to 2024.
The project will not disclose its 2024 total mortgage loans until it publishes its annual report next month.
However, pre-tax profit across the group fell by £338.6 million, down 4.4% from a year ago, as it suffered from “downward pressure on net interest.”
