Powered by MOMENTUM MEDIA
subscribe to our newsletter

Offshore bank extends expat mortgage opportunities

Britons who have retired abroad can now take advantage of the UK’s buy-to-let market after an offshore bank announced an extension of its lending to expats.

Skipton International, which is registered in the Channel Islands, launched expat buy-to-let mortgages last year, but in response to customer feedback, will now also take applications from retired British expats.

Advertisement
Advertisement

PROMOTED CONTENT


Nigel Pascoe, Skipton International’s director of lending, said the bank is aware that there are many retired expats with good pension incomes who are looking to diversify their portfolios with a buy-to-let property in the UK, and the extension is a really positive addition to its mortgage portfolio.

“Our mortgages have already been well received by expats working abroad,” he said.

“Now those enjoying retirement away from Britain can also invest in bricks and mortar in England and Wales to take advantage of the long-term price inflation in the property market there.”

British retirees with a minimum pension income of £40,000 and a maximum age of 70 can apply for the scheme, subject to the expat mortgage standard terms.

Skipton International has been servicing British expats across the globe for 20 years, and said it launched its expat mortgage range in response to the difficulties expats faced in accessing financial products in the UK.

Offshore bank extends expat mortgage opportunities
mortgagebusiness

Latest News

Sales of new detached homes continued to increase for five consecutive months, despite the end of HomeBuilder grants, confirming a strong d...

An economist with Bluestone has responded to predictions that the cash rate will increase in August, calling the notion “nonsensical”. ...

The Real Estate Institute of Australia (REIA) said it’s expecting demand for sustainable homes and living to increase over 2022. ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

When do you expect the cash rate to start increasing?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.