Skipton International surpasses £2bn of mortgage lending

Thursday 13 April 2023

Skipton has reached a new lending milestone, partially driven by growth in the UK buy-to-let market.

The Guernsey-licensed bank started lending in the Island in 2002, Jersey in 2005, and has since become one of the largest providers of UK buy-to-let mortgages for expats and non-UK residents.

Skipton reached the £2bn mortgage milestone in March, with over 50% of balances coming from the bank’s UK Buy-To-Let mortgage proposition.

Lorraine McLean, Mortgage Sales Manager, Skipton International, said: “Our mortgage business has grown steadily, withstanding moments, throughout the years, of turbulence in the economy. 

“Strong customer demand for our products and services continues, in particular for UK buy-to-let mortgages.” 

Jim Coupe, Managing Director, Skipton International, said: “We are delighted to have reached this mortgage lending milestone and to have become an integral part of the Channel Islands’ residential property marketplace. In addition, our organic growth in the UK buy-to-let lending space is remarkable. 

“As a Channel Island organisation, we are able to support the local economy by returning the money we look after from depositors through our mortgage loans, providing islanders the ability to buy homes for themselves and also their families.”  

The bank is headquartered in Guernsey, has a Mortgage Centre in Jersey, and currently employs over 80 members of staff across the islands.