Skipton Building Society has introduced a range of first-time buyer products which include a suite of new mortgages with £1,500 cashback.  In addition to this, Skipton has also launched a new first time buyer savings product within the range which pays 5.06%.

Available from 23 July Skipton’s first-time buyer range hopes to alleviate some of the upfront costs that are proving to be such a barrier for many when it comes to getting onto the property ladder.

The launch is in response to the Skipton Group Home Affordability Index which has revealed the stark reality of securing a home in the UK today.

Commenting on Skipton’s FTB  range,  the company’s chief executive of home financing Charlotte Harrison said: “Everyone should have somewhere to call home, but achieving that today is an insurmountable struggle for far too many.

She added: “We know it’s all very well highlighting key housing issues, but this doesn’t help anyone if you don’t spend time exploring and investing in the solutions.  Which is why, today I’m pleased to announce our new range of first-time buyer products, to help get more first-time buyers onto the property ladder.”