looking for some advice from brokers or anyone who has had a Skipton new build mortgage recently because I’m getting really confused and a bit worried.
We are buying a new build house from a developer and we will be the first occupants. The mortgage is with Skipton at 90% LTV. Our full application has been submitted and is currently in underwriting. Broker has documented that build year is 2026 but didn’t see anywhere that said ‘new build’
Skipton’s own intermediary documents say that new build mortgage offers are valid for 9 months, with a possible 3 month extension (so up to 12 months total). However, our broker is saying the offer will be issued for 6 months and then extended by 3 months if needed.
This is what I’m trying to understand:
Do Skipton actually issue the offer with a 9 month expiry date for new builds, or do they issue a 6 month offer and then extend it to 9 months under the new build policy?
2. Is the first extension to 9 months a “simple extension”, and the credit re-score only happens if you need to go beyond 9 months to 12 months?
3. Has anyone here actually had a Skipton new build offer recently — and if so, how long was the expiry date on the actual offer document?
I’m just trying to understand whether this sounds like a normal Skipton new build process or whether something may have been submitted incorrectly. Would this automatically class as a new build?
Thanks in advance — this process is stressful!