Guernsey-licensed bank, Skipton International has decreased its mortgage minimum loan to £100,000 from the previous minimum of £150,000.
This follows feedback from a number of its mortgage brokers who regularly have clients seeking buy-to-let loans between the amounts of £100,000 and £150,000.
Roger Hughes, Skipton’s business development manager, said: “Economic and political circumstances have caused British expats and Non-UK Residents across the globe to look towards UK property for investment, but the fast turnaround at which we can provide decisions is why we’re often the first port of call for these UK mortgage enquiries.
“We’ve worked hard to enhance our services to meet with expat demands, including this reduction in the minimum loan amount to £100,000.
“Where some lenders have withdrawn from lending in the expat market, we continue with our proposition, as we consider this to be a greatly valued market.
“Anyone who wishes to find out more, or to see how much they can borrow online, can do so at: https://www.skiptoninternational.com/mortgages/expat”.
