The initiative is designed to support first-time buyers with upfront costs such as moving expenses, white goods, or furnishing their first home.

There are three different options with different fee structures. 

Rates are the same as the current RIO and standard mortgage products.

The Society has also announced stress rate reductions on all two-year fixed residential products.

The lender has launched a £400 cashback incentive across its entire residential product range.

Landlord borrowers can now earn £2,000 cashback by utilising two incentives from Fleet.

The tiered range of five-year fixed-rate mortgages has rates from 5.19%.

The product features £750 cashback, paid directly to customers on completion.

Skipton’s new range sees the introduction of 0.75% and 1.50% cashback on five-year fixed rate mortgage products.

Borrowers can now access cashback options of either £5,000, £7,000 or £10,000.