One-of-a-kind ‘Delayed Start’ mortgage launched in UK

The deal, unveiled by Skipton building society, means buyers would not have to make any repayments for the first three months

A one-of-a-kind mortgage offering a major financial perk - no repayments for the first three months - has been launched in the UK.

The deal, unveiled by Skipton Building Society, is the latest innovation aimed at cash-strapped first-time buyers and is designed to provide them with a bit of breathing space as they settle into their new property.