Photograph
shows:
Lorraine
McLean,
Senior
Mortgage
Sales
Manager.
Skipton
International
Buy-to-let
mortgages
allow
investors
in
the
UK
property
market
to
build
a
portfolio
of
properties
and
generate
steady
income
from
rental
properties.
Any
property
purchased
in
the
UK
for
the
purpose
of
renting
out,
requires
a
buy-to-let
mortgage.
Skipton International’s new 3-year mortgage product offers competitive rates and make the start of the year the perfect time to investigate the purchase of a UK property for rental purposes.
- Reduced Rates: New business 5-year fixed rates now start at 4.99%.
- New Products: A 3-year fixed rate has been introduced, starting at 5.89%.
The reductions have been applied across its product range, including for both purchase and remortgage applications, with effect from Monday 13 January 2025.
“UK property purchases are proving a solid investment for non-UK residents, with a year-on-year increase in property values, a surge in demand for available rental properties, and higher rental income achieved than ever before,” said Lorraine McLean, Senior Mortgage Sales Manager, Skipton International.
UK high street banks are typically hesitant to lend to foreign nationals due to concerns about lack of established financial history in the UK, and potential challenges in enforcing loan agreements across borders.
However, Guernsey-licensed bank Skipton International offers a solution by providing mortgage options for British expats and non-UK residents from places like Hong Kong or Singapore, allowing them to buy property while navigating these lending restrictions.
The UK’s transparent legal system provides security for property rights, a significant draw for expats and non-UK residents from countries with less stable markets. Furthermore, the streamlined restrictions on foreign buyers allows non-UK residents to enter the market easily, provided they can secure financing.
“The UK’s buy-to-let sector has remained strong despite interest rate fluctuations. Recent developments look promising, and the Bank of England’s November 2024 rate cut to 4.75% signals good news for property investors, and projections indicate rates may fall to 4.2% by 2026. The market continues to grow steadily with high rental demand and landlord profitability rates reaching 87%,” added McLean.
Skipton’s approach makes gaining a UK mortgage for buy-to-let properties as stress free as possible including easy to use UK mortgage calculators to estimate how much to borrow, and the monthly repayments for the required loan size.
Skipton International is also a part of the Skipton Group, which includes the UK’s Skipton Building Society and Connells, the UK’s largest real estate agency.
Skipton’s
Guernsey
Advantage
Skipton
is
registered
in
Guernsey,
an
offshore
island
affiliated
with
England,
but
with
its
own
laws
as
a
British
‘Crown
Dependency’.
A
highly
regulated
jurisdiction,
Guernsey
gives
reassurance
to
anyone
with
financial
dealings
on
the
island.
Skipton’s new rates will also be available to its global network of brokers in addition to direct applications.
For further information, visit: England, Scotland and Wales Buy-To-Let mortgages
Product fee: |
Purchase: £1,999 Remortgage:
£999 |
Valuation cost: |
Purchase: Cost included in Product Fee. Remortgage: Cost included in Product Fee |
Hashtag: #skiptoninternational
The issuer is solely responsible for the content of this announcement.
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