Skipton International, the Guernsey-licensed bank, has reduced its mortgage rates for expats and foreign resident purchasers of UK buy-to-let property.
In addition, it has reduced its product application fees, giving new borrowers an added boost.
The rates now start at 2.89% for a three-year tracker product and 3.24% for a five-year fixed rate product.
One satisfied client is Nicholas Okejie from mortgage brokers Fidelius De Vere, who posted on LinkedIn: “Skipton International reducing their five-year fixed rate and reducing their product fee by £1,000 has to be one of the highlights of the week.
“Never had an expat client so happy to switch lenders. Saving over £7k in five years!”
Kate Le Prevost, Skipton international’s senior mortgage associate, said: “It was a pleasure to assist Nicholas with his expat client.
“Saving over £7,000 simply by switching lender is astounding and goes to show just how important it is to continually check what is available.”
