Check the purchase shortfall
The maximum loan is not automatically the asking price. A valuation below the agreed price can leave money for you to find. In Scotland, check the Home Report value before offering above it.
From renting to buying: understand the trade-offs
Track Record is Skipton Building Society’s mortgage for eligible renters, offering up to 100% loan-to-value without a deposit. Your rental history helps inform the assessment, but income, affordability, credit and property checks still apply.
Free initial consultation. Further fees vary by case. How our advice and fees work
Your home may be repossessed if you do not keep up repayments on your mortgage.
The following is a summary of Skipton’s published Track Record requirements, checked on 7 September 2026. It is not an eligibility decision or the complete lending policy.
Meeting this product’s homeownership condition does not establish eligibility for first-time buyer tax relief. Check your circumstances separately using our UK first-time buyer property tax guide.
Do not work out your budget from rent alone. Skipton’s intermediary criteria explain that affordability considers rental payments alongside current income and outgoings. The product rate also affects the calculation. Paying a particular rent does not entitle you to an equivalent mortgage payment or a fixed loan amount.
The maximum loan is not automatically the asking price. A valuation below the agreed price can leave money for you to find. In Scotland, check the Home Report value before offering above it.
Allow for conveyancing, a suitable survey, moving costs, any mortgage or advice fees and tax where due. Obtain quotes and ask when each amount is payable. No deposit does not mean no upfront spending.
Include insurance, maintenance and any service charges alongside the mortgage. Rent may include costs you will pay separately after buying. Keep room for unexpected repairs and changes in income.
Ask for the current product illustration showing the initial deal, later rate, fees, total cost and any early repayment charges. This guide does not quote a live rate. If a payment-delay option is offered, check the extra interest and subsequent payments: a delayed first payment is not free borrowing.
With little or no equity at the start, a fall in the property’s value can leave you owing more than the home is worth. This is negative equity. It can make selling or changing lender more difficult, even if you keep paying the mortgage.
For illustration, if the outstanding loan is £210,000 and the home is worth £200,000, the difference is £10,000 before selling costs. This is a simple example, not a prediction about house prices or your mortgage balance.
MoneyHelper explains negative equity. Consider how you would manage if you needed to move or could not switch lender when the initial deal ended.
Skipton’s published evidence routes include 12 months of bank statements or a letter from a letting agent registered with an accepted professional body. For cash rent, its intermediary guidance requires the registered-agent letter. Do not assume a private landlord’s note or cash receipts will meet that requirement.
Note the addresses, tenancy dates, amounts and who paid. Explain any joint or separate tenancies, a recent move back to family, or a payment covering both rent and utilities.
Check the required format before requesting documents. The bank statement guide explains how to prepare evidence; this product’s rental-history request is separate from a general statement checklist.
Prepare the other information in our mortgage document checklist. Mention self-employment, benefits, residency status and credit issues early so the relevant requirements can be checked.
If housing benefit helps pay your rent, ask for lender confirmation of how it should be entered in the affordability calculation. Do not assume either the whole benefit or the whole rent will count. Different calculator instructions need checking for the application route being used.
A product restriction does not answer every question about your wider mortgage options. Depending on your circumstances, compare:
These are separate routes to assess, not products to combine automatically with Track Record. Our first-time buyer mortgage advice page explains the wider planning process.
We can discuss your rental history, buying budget and deposit options, then explain suitable mortgage routes within the scope of our advice. Before proceeding with a named product, we will need to confirm current availability, access and the requirements for your case. We cannot guarantee eligibility or a mortgage offer.
The initial consultation is free. Further fees vary by case and are agreed before chargeable work starts. A processing fee may apply separately from an offer fee and is not charged in every case. We may receive lender commission. Ask for the payment stages and refund terms in writing; see our Terms of Business.
No. Track Record is Skipton’s product for eligible renters. A tracker mortgage describes an interest rate that follows a reference rate. The similar names do not mean they work in the same way.
Skipton allows a deposit below 5%, including an acceptable gift, subject to its requirements. Tell the adviser where the money comes from. If you have 5% or more, compare standard mortgage options instead.
Potentially. Skipton allows joint applications and can consider separate rental histories, subject to its evidence and eligibility rules. Explain who pays the rent, where each person lives and who will be on the mortgage.
No. Rent evidence is one part of the assessment. Income, outgoings, credit history, the property and the lender’s other requirements still matter. A borrowing estimate or decision in principle is not a mortgage offer.
Yes. You still need a plan for legal work, any tax due, moving costs and other purchase expenses. Budget for ownership costs and unexpected repairs too. A mortgage covering the property price does not automatically fund those expenses.
Tell us where you want to buy, whether you will apply alone or with someone else, and roughly how long you have been renting. You can start the conversation before choosing a property.
Reviewed 7 September 2026. General information, not personal mortgage advice. Track Record is a Skipton Building Society product; this guide is published by Count Ready. Product availability and criteria can change.
Your home may be repossessed if you do not keep up repayments on your mortgage.
