Skipton BS enhances new build mortgage proposition

Skipton Building Society has enhanced its mortgage offering for new build customers, giving buyers at 95% LTV access to a wider range of products — including base rate trackers, and various fee and cashback options. 

Recent research commissioned by Skipton reveals a significant shift in buyer preferences. Nearly half of hopeful homebuyers (44%) are actively exploring new build properties, compared to just 30% considering older homes.

The survey of 1,000 prospective buyers highlights the growing appeal of new builds: 53% are drawn to modern features and convenience and 31% want to avoid the stress of property chains.

In addition, sustainability is increasingly influencing buyer decisions, with 52% stating they would be more likely to choose a new build if it included eco-friendly features such as solar panels and electric vehicle charging points.

Jen Lloyd, head of mortgage products and proposition at Skipton Building Society, said: “We’re seeing a real change in what people want from their homes. While older properties still have their charm, more buyers are now drawn to the ease, energy efficiency and ready-to-move-in appeal of new builds.

"Our enhanced product range gives these buyers more choice and flexibility — because everyone deserves a fair chance to own a home that fits their life.”