With a fixed rate mortgage your rate stays the same for the duration of the fixed term, which protects you against interest rate rises but won't fall if external rates fall. In contrast, a variable rate mortgage means your monthly payments could go up or down.
As the maximum loan amount is 95% of your property value, you will need a minimum 5% deposit.
Help to Buy, Shared Ownership & Lifetime ISA
We have a range of Help to Buy - Equity Loans and Shared Ownership mortgages available if you're thinking of buying your first house using one of these government schemes. Skipton Cash Lifetime ISA savers have access to our Lifetime ISA exclusive mortgage products, as well as the range below.