Select a region
Skipton International has launched a new lending product range to enable islanders to take advantage of the opportunities currently available in the UK’s residential buy-to-let market.
Skipton International has launched a new lending product range to enable islanders to take advantage of the opportunities currently available in the UK’s residential buy-to-let market.
A survey released today by The Royal Institution of Chartered Surveyors shows the UK housing market has seen house prices in the UK rising to an 11 year high. With the UK’s property market taking off Skipton has responded to its customers’ investment needs with this new product range which will give access to the English and Welsh buy-to-let markets. Buy-to-let is a popular vehicle used to provide capital growth as well as a pension income. With limited housing supply in the Channel islands many resident look at overseas markets and in particular the UK for buying opportunities.
Skipton International managing director Jim Coupe comments, “Across the Channel Islands, we have a sophisticated and affluent client base who are constantly seeking new investment opportunities. Buy-to-let is high on the wish list for a lot of customers, however, accessing a mortgage on a UK property from outside of the mainland is extremely hard for many. As result, we have acted to create our new range of lending products which opens up this market and allows our customers locally to participate in this fast growing market.”
The Skipton International UK mortgage range will include a range of products including fixed rate, base rate tracker and variable rate mortgages starting from 4.49%. Nigel Pascoe, director of lending at Skipton International adds, “Our expertise in buy-to-let lending is well established and this extension to our product range will be welcomed by many. On top of this, applicants for our new UK mortgage range can expect the same high level of personal service we have become renowned for, all of which will make the process of buying a UK residential buy-to-let quicker, easier and better.”
A second important aspect to the package will allow Jersey residents owning UK property to release equity in that UK holding to help fund house purchases in the island. This will particularly help those who have moved or returned to Jersey and are now wishing to purchase a home locally.
Full details are available on the Skipton International website, www.skiptoninternational.com or call +44 (0) 1481 727374
