Two-year fixed rate is priced at 3.74 per cent and its five-year fixed rate is pegged at 3.76 per cent. Both have no fees and come with £500 cashback.
Offers are valid for nine months as standard, with the ability to extend by a further three months should certain criteria be met. The mutual said its underwriters aim for a turnaround of no longer than 48 hours, with a maximum loan amount of £450,000.
Rachel Hunnisett, new build lead at Skipton, noted that the scale of recent house price growth meant that the amount first-time buyers need to save as a deposit has rocketed.
She added: “At Skipton, we’re committed to helping more people own their own homes, which is why we’re delighted to be back with 95 per cent LTV lending for new build houses, giving your clients the opportunity either as first-time buyers or home movers to buy with as little as a five per cent deposit.”