Skipton Announces Buy-To-Let Mortgages For UK Expats

By Fiona Moore, for 04 August, 2014

Skipton International, an offshore bank based in the Channel Islands, has unveiled a new buy-to-let mortgage range for British expats wishing to invest in residential property in England or Wales.

Skipton is offering mortgages worth up to 75 percent of the value of the property. Applicants need to be UK expats working abroad in an approved list of countries.

The company's Director of Lending, Nigel Pascoe, said that the new products are a natural extension of its existing mortgage range, following the launch last year of a portfolio of buy-to-let mortgages for Channel Islands residents.

He said: "UK housing has demonstrated long-term price inflation and purchasing a property, as an investment, whilst living abroad often makes financial sense. Many people are seeking an alternative pension plan and so we've listened to our customers in coming up with this new range."

Tags: Real-estate | United Kingdom | Offshore | Expats | Investment | Property Investment | Invest | Investment |


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