Skipton extends expat lending to include studio apartments

January 17, 2019

Skipton International has responded to the increasing demand for all types of investment buy-to-let property, by extending the terms of its mortgage proposition to include studio apartments valued at £250,000 and above. Broadening the scope of its lending criteria will offer Skipton’s customers a wider range of potential buy-to-let investment opportunities and strengthen its position as a leading mortgage provider to British expatriates.

Roger Hughes, Business Development Manager at Skipton International, said: “We are always reviewing our proposition to see how we can make buying investment property in the UK easier for our clients and now seems like the right time to include smaller apartments in key, prime city locations. We have experienced a large number of enquiries to provide mortgages for these homes, as more are being built to meet demand.”

With UK average house prices having nearly quadrupled in the last 20 years, more are turning to renting over owning their own property. Studio apartments have also increased in popularity for those looking for a base to rent as they travel between cities for work.

Roger said: “Not only is the number of people living in rented accommodation in the UK increasing, but the population is becoming more transient, moving between cities and countries and looking for a small, simple base that can accommodate this lifestyle. Not all lenders will consider studio apartments, but we feel that these properties are ideal long-term investments.”

Skipton International offer buy-to-let mortgages for British expatriates in England and Wales and from last year extended its remit to include the purchase of property in Scotland. With a fast service, customers can secure lending with Skipton on a range of mortgages in as little as 16 days from application to drawdown, with an in-principle decision being provided directly over the phone.

Skipton International offers a range of offshore savings accounts and is one of the Channel Islands’ leading mortgage lenders.

In 2014 Skipton International launched a range of mortgages for British expats looking to purchase a Buy-to-let property in the UK.

Skipton International has a customer service rating of 4.5 / 5 according to Feefo, an independent online assessor of customer service.

Shared by: Direct Input – laura@directinput.vuelio.co.uk

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Breaking News

Mortgage completions surged 50 per cent in March amid race to avoid higher stamp duty

March saw highest volume of mortgage completions recorded since September 2021 Homebuyers report now needing an additional £13,530 on top of the property price to cover taxes and fees Three in four have seen housing costs rise, up £126 on average per month Renters’ confidence in their ability to purchase a property within five years…
Read More →
Estate Agent Talk

How Technology is Changing the Prime Property Viewing Experience

The world of luxury real estate has always been about delivering a premium, personal experience. But in today’s rapidly evolving digital landscape, even the most traditional sectors are being reshaped by technology—and prime property viewings are no exception. From augmented reality to AI-driven virtual tours, the way buyers interact with high-end properties has changed dramatically.…
Read More →
Love or Hate Rightmove
Breaking News

Average two-year fixed mortgage rate for 60% LTV now cheaper than five-year rate

The average two-year fixed mortgage rate for those with a 40% deposit (60% LTV) is now cheaper than the average five-year fixed equivalent, the first time this has happened since the mini-Budget The average two-year fixed, 60% LTV mortgage rate is now 4.18%, while the five-year equivalent is 4.19% The gap between average two-year fixed…
Read More →
Overseas Property

How UK Property Investors Can Manage Exchange Rate Risk When Buying Off-Plan Overseas

Off-plan purchases are especially common in developing overseas property markets with a high proportion of international investors. In these less mature markets, a significant share of stock is sold directly by developers, making off-plan transactions a natural sales model. These opportunities appeal to international buyers because they typically require less upfront cash due to extended…
Read More →
Breaking News

Foxtons Lettings Market Index – March 2025

London rental market gains momentum as new rental listings surge, Foxtons data shows   March saw a 14% increase in new rental listings across London compared to February Applicant registrations rose by 11% month-on-month in March. Year on year, demand was stable, tracking just 2% below March 2024 levels The average rent in March stood…
Read More →
Breaking News

UK’s mid-market firms show improved business growth in March but economic uncertainty continues

Key findings: NatWest’s Mid-market Growth Tracker shows improved business growth in March, led by a strong service sector performance SMEs register a softer decline in output levels during March Market conditions remain challenging and we could see continued challenges in the coming months   Mid-market businesses continued to outperform the wider UK economy in March,…
Read More →