Saving up for your first home just got easier thanks to a new range of mortgages and savings products launched by Skipton Building Society.

Keen to help first-time buyers struggling to get on the property ladder, Skipton is offering a tempting £1,500 cashback on its new mortgage range. And that’s not all! The building society has also launched a new savings account specifically for first-time buyers, with a very competitive interest rate of 5.06%.

The new mortgages and savings product will be available from 23rd July, with Skipton hoping to ease the financial burden facing those taking their first step onto the property ladder.

This move follows the publication of the Skipton Group Home Affordability Index which highlighted the significant challenges currently faced by anyone hoping to buy a home in the UK.

Charlotte Harrison, Skipton’s chief executive of home financing, commented: “Everyone should have somewhere to call home, but achieving that today is an insurmountable struggle for far too many. 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.”