Skipton International completes 500th buy-to-let mortgage for British expats
Skipton International is this month celebrating the completion of 500 buy-to-let mortgages for British expats.
The Channel island-registered bank launched expat mortgages in 2014 as a response to the difficulties British expat customers faced obtaining a mortgage on UK investment properties.
Jim Coupe, Managing Director, Skipton International, said: “Demand for expat mortgages has been growing since we launched them two years ago. Despite having good credit ratings and good salaries or incomes in their country of residence, many British expats struggled to get a mortgage on UK buy-to-let investments because there were so few decent products available.
“We aim to make the process of getting a buy-to-let mortgage as straightforward as possible, and put good customer service at the centre of our offering. We are able to give a decision in principal on the phone, while our streamlined process means expat remortgages may complete in as little as 16 working days.
“In addition, we offer an online mortgage calculator which allows British expats to see if they could fulfil the criteria for an offshore mortgage with us, saving everyone time.”
Earlier this year Skipton opened up their mortgages to self-employed applicants and expanding their eligible country list, enabling British expats living in even more countries access to the mortgages.
Skipton International also offers a range of savings accounts with competitive interest rates, for UK expats in over 100 countries. The Guernsey-registered bank won the Moneyfacts Award for Best Offshore Account Provider 2016, a category it was also Highly Commended for in 2015.
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Skipton International offers a range of offshore savings accounts and is one of the Channel Islands’ leading mortgage lenders.
In 2014 Skipton International launched a range of mortgages for British expats looking to purchase a Buy-to-let property in the UK. For more information on Skipton International please visit www.skiptoninternational.com
Skipton International was recently named Guernsey Business of the Year at the Awards for Achievement. The bank has been at least commended by Moneyfacts for the past six years, winning on three occasions while independent research from Feefo shows 95% of customers rate Skipton’s service as Good or Excellent.