Guernsey-licensed Skipton International has reached a significant milestone in mortgage lending, having surpassed £2bn in mortgages since starting its lending operations in Guernsey in 2002, and expanding to Jersey in 2005.
The bank has become one of the largest providers of UK buy-to-let mortgages for expats and non-UK residents, with over 50% of balances coming from its UK buy-to-let mortgage proposition.
Headquartered in Guernsey, with a Mortgage Centre in Jersey, Skipton International currently employs over 80 staff members across the islands.
Lorraine McLean, mortgage sales manager at 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 of Skipton International, added: “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.”
To complement its product offering, Skipton International recently launched an Online Mortgage Portal, allowing mortgage customers to manage their mortgages and view correspondence at their convenience.
