Skipton Building Society mortgage review

Is Skipton Building Society a good mortgage provider?

This year, Skipton Building Society has been named a Which? Recommended Provider, meaning we think it's one of the best mortgage lenders out there.

Our analysis shows it regularly offers competitive rates in comparison with other lenders. Its current customers also voted it the joint-best lender, based on its customer score. 

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Skipton Building Society Mortgages review

	Score	Overall ranking
Which? Customer Score	78%	Joint 1st out of 22 mortgage lenders

Our Scores

Which? Customer Score

Which?'s rating for customer satisfaction, based on feedback from real customers. The score is made up of a customer's overall satisfaction with the brand, and how likely they are to recommend that brand.

Skipton customer satisfaction scores

The table below shows how Skipton performed in our latest mortgage satisfaction survey, which gathered feedback from homeowners with existing Skipton mortgages about everything from the application process to value for money.

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What types of mortgage does Skipton offer?

Skipton is the 11th-largest mortgage lender in the UK. In 2022, it had a 1.4% share of the mortgage market, according to UK Finance data.

When we checked in September 2023, Skipton offered a choice of 59 mortgages. Most were fixed-rate deals, meaning your interest rate stays the same for a set initial period.

Skipton mortgages had initial periods of two, three, five and 10 years.

A smaller number of mortgages offered by Skipton were tracker deals, with initial terms lasting two years before reverting to Skipton's standard variable rate.

Does Skipton offer the best mortgage deals?

Which? analysed thousands of mortgages over a four-week period in August 2023. We compiled a series of Top 10 Cheapest Deals tables, based on a variety of borrowing scenarios, and counted how many times each lender featured in a table.

The average was five table appearances per week. Skipton featured eight times a week, meaning it offered more competitive deals than the average lender. (Data source: Moneyfacts.)

How much could I borrow from Skipton?

Skipton lends at 60%, 75%, 85%, 90%, 95% and 100% loan to value (LTV) to first-time buyers and home movers. First-time buyers can also take out a no-deposit 100% mortgage.

If you're remortgaging, you can borrow at up to 90% LTV.

With Skipton, you can borrow up to anywhere from 4.49 to 5 times your annual household income, depending on the mortgage deal itself and your financial situation.

How long can the mortgage term be?

The vast majority of Skipton's mortgages allow customers to pay back the loan over 40 years, but some products have a  shorter maximum term of 35 years. 

Can I make overpayments?

You can overpay up to 10% of a Skipton mortgage balance every 12 months before incurring an early repayment charge (ERC).

How can I contact Skipton?

Mortgages from Skipton are available directly and through mortgage brokers.

The building's society's mortgage team can be contacted on 0345 600 6846.

You can also contact Skipton by using online chat or visiting a branch. The website is Skipton.co.uk.