Skipton has also announced the reduction in mortgage rates for new customers across its UK buy-to-let fixed rate range with the lowest 5-year fixed rates starting at 4.99%.

Buy-to-let mortgages allow investors in the UK property market to build a portfolio of properties and generate steady income from rental properties. Any property purchased in the UK for the purpose of renting out, requires a buy-to-let mortgage.

Skipton International's new 3-year mortgage product offers competitive rates and make the start of the year the perfect time to investigate the purchase of a UK property for rental purposes.

• Reduced Rates: New business 5-year fixed rates now start at 4.99%.
• New Products: A 3-year fixed rate has been introduced, starting at 5.89%.

The reductions have been applied across its product range, including for both purchase and remortgage applications, with effect from Monday 13 January 2025.

"UK property purchases are proving a solid investment for non-UK residents, with a year-on-year increase in property values, a surge in demand for available rental properties, and higher rental income achieved than ever before," said Lorraine McLean, Senior Mortgage Sales Manager, Skipton International.

UK high street banks are typically hesitant to lend to foreign nationals due to concerns about lack of established financial history in the UK, and potential challenges in enforcing loan agreements across borders.

However, Guernsey-licensed bank Skipton International offers a solution by providing mortgage options for British expats and non-UK residents from places like Hong Kong or Singapore, allowing them to buy property while navigating these lending restrictions.

The UK's transparent legal system provides security for property rights, a significant draw for expats and non-UK residents from countries with less stable markets. Furthermore, the streamlined restrictions on foreign buyers allows non-UK residents to enter the market easily, provided they can secure financing.

"The UK's buy-to-let sector has remained strong despite interest rate fluctuations. Recent developments look promising, and the Bank of England's November 2024 rate cut to 4.75% signals good news for property investors, and projections indicate rates may fall to 4.2% by 2026. The market continues to grow steadily with high rental demand and landlord profitability rates reaching 87%," added McLean.

Skipton's approach makes gaining a UK mortgage for buy-to-let properties as stress free as possible including easy to use UK mortgage calculators to estimate how much to borrow, and the monthly repayments for the required loan size.

Skipton International is also a part of the Skipton Group, which includes the UK's Skipton Building Society and Connells, the UK's largest real estate agency.

Skipton's Guernsey Advantage
Skipton is registered in Guernsey, an offshore island affiliated with England, but with its own laws as a British 'Crown Dependency'. A highly regulated jurisdiction, Guernsey gives reassurance to anyone with financial dealings on the island.

Skipton's new rates will also be available to its global network of brokers in addition to direct applications.

For further information, visit: England, Scotland and Wales Buy-To-Let mortgages

Product fee:	Purchase: £1,999 Remortgage: £999 Additional borrowing: £999
Valuation cost:	Purchase: Cost included in Product Fee. Remortgage: Cost included in Product Fee

Hashtag: #skiptoninternational

The issuer is solely responsible for the content of this announcement.

About Skipton International

Skipton International offers a range of offshore savings accounts and is one of the Channel Islands' leading mortgage lenders for residential Channel Island mortgages and UK buy-to-let mortgages for expats and non-UK resident nationals. It is a three-times winner of the Moneyfacts 'Offshore Bank Account Provider of the Year' award 2021, 2022 and 2023, and the Mortgage Introducer 'Top Mortgage Employer' Award 2022, 2023 and 2024.

Skipton International is part of the Skipton Group, includes Skipton Building Society, and the UK's largest estate agency, Connells.

Skipton International is licensed under the Banking Supervision (Bailiwick of Guernsey) Law. Skipton is a participant in the Guernsey Banking Deposit Compensation Scheme. The Scheme offers protection for 'qualifying deposits' up to £50,000, subject to certain limitations. The maximum total amount of compensation is capped at £100,000,000 in any five-year period. Full details are available on the Scheme's website www.dcs.gg or on request. To help maintain service and quality, telephone calls may be recorded and monitored.

Skipton International has a customer service rating of 4.7 / 5 according to Feefo, an independent online assessor of customer service, and is a five-times Platinum award winner as a trusted provider. www.skiptoninternational.com