What is a Track Record mortgage*?
Designed with renters in mind
This mortgage is tailored for people who rent or haven’t owned a home recently. Instead of focusing solely on savings, it looks at your history of paying rent to help determine what you could comfortably borrow.
Low or no deposit required
You may be able to apply with less than a 5% deposit - or even no deposit at all - making homeownership more accessible.
Flexible start to your mortgage
With a delayed start option, you can choose to postpone your first mortgage payment by up to three months after completion. This can help ease the transition into your new home, although interest will begin to accrue from day one.
A smarter way to buy your first home
Saving for a deposit is often one of the biggest challenges for first-time buyers. In many cases, deposits have risen faster than incomes, making it harder to get started.
Track Record mortgages offer an alternative approach. By recognising your consistent rent payments, they help demonstrate your ability to manage monthly housing costs, potentially opening the door to owning your own home sooner than you expected.
Who can apply?
You haven’t owned a property in the UK within the last three years
You are aged 21 or over
You have had no missed payments on credit commitments in the past six months
You’re looking to borrow up to £600,000
For sole applicants
You’ve paid your rent in full for at least 12 consecutive months within the last 18 months
You may also need to provide evidence of household bill payments
For joint applicants
You can demonstrate that rent has been paid consistently for 12 consecutive months within the last 18 months (either by one applicant or collectively)
If renting separately, each applicant must show a consistent record of rent payments
Proof of household bills may also be required
A Track Record mortgage could be the opportunity to turn your rental history into a pathway to homeownership - bringing your new home within closer reach.
Speak to one of our Independent Financial Advisers for more information on all the latest mortgage products available.
Find a mortgage with the Mortgage Advice Bureau
We can put you in touch with Mortgage Advice Bureau who could help to find the best mortgage for you and give you free guidance to start your home buying adventure.
Mortgage Calculator
Our easy-to-use, free online mortgage calculator is perfect for anyone who is interested to find out how much their monthly mortgage repayments might be.
*YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Miller Homes do not provide mortgages and this information is only a guide. More information would be required in a mortgage application and advice should be sought from an Independent Financial Advisor.
The Track Record mortgage is available only through Skipton Building Society