The Times Australia
News From Asia

.
Times Media

.

Skipton International Launches Limited Company Buy-To-Let Lending

Begins 2023 by cutting interest rates on some products and offers base rate trackers

GUERNSEY - Media OutReach - 31 January 2023 - Skipton International, the award winning Guernsey-licensed bank, has announced the launch of limited company buy-to-let lending giving customers an additional financing option for growing UK property portfolios.

Roger Hughes - Skipton International
Roger Hughes - Skipton International

According to Hamptons, a leading UK estate and letting agency and part of the Skipton Group, purchases of UK property via company structures increased by nearly 40 per cent. From September 2021 to September 2022, 50,445 new companies were set up in the UK to hold buy-to-let property: the second highest figure in any 12-month period.

"The UK property market continues to demonstrate resilience and is an attractive investment option for international investors. By introducing limited company buy-to-let lending, these investors can now expand and simplify the management of their existing UK property portfolio," said Roger Hughes, Business Development Manager, Skipton International.

Skipton International's Limited Company buy-to-let lending product is, for now, limited to two properties only, and is for the principal activity of buying and holding residential investment properties. The minimum loan size is GBP250,000 and interest rates start from 4.9 per cent (5.8 per cent annual percentage rate) on loans of GBP500,000 and above.

"Introducing limited company buy-to-let lending together with our sterling and US dollar savings accounts, competitive borrowing and lending rates, reaffirms Skipton's commitment to offering innovative products and services to our global customers," added Hughes.

Rates Cut for Some Mortgage Products, Reintroduces Base Rate Trackers

In mid-January 2023 , Skipton International cut interest rates on several mortgage products by up to .30 per cent. This includes its five year fixed rate at 90 per cent LTV with a rate of 5.49 per cent (was 5.79 per cent). For remortgages, there is a five year fixed rate also at 5.49 per cent and fee free.

Also, this month, Base Rate Trackers were reintroduced. A 3 year tracker UK buy-to-let mortgage starts from a minimum base floor of 3.00%; Skipton International's lowest current rate.

For more information about limited company lending, buy-to-let mortgages and rates, visit www.skiptoninternational.com


Hashtag: #SkiptonInternational

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

About Skipton International

Headquartered in Guernsey, Skipton International is a bank wholly owned by Skipton Building Society, the fourth largest building society in the UK. We are a leading offshore bank and winner of multiple awards, including the Moneyfacts 'Best Offshore Account Provider' award 2022.

Our aim is to help customers achieve their property owning and savings goals, by offering quality products and excellent customer service.

Additional Information for Editors

Skipton International's Company Limited Buy-To-Let Lending: Maximum number of Directors is 2. There will be restrictions on Standard Industrial Classification codes (SIC codes). Maximum LTV 65%. Independent legal advice (ILA) when signing the guarantee will be recommended but not insisted upon. The underlying client(s) will need to establish a suitable property holding company (SPV) and a bank account with a UK provider in the name of the Limited Company. The application is submitted in the company name and will be supported by personal guarantee from the Directors. Pricing as personal lending. Arrangement fee GBP4,999.00 payable upon application. Security is to be a charge over the property being purchased or re-mortgaged along with a guarantee from all Directors of the Company with any guarantee to be joint and several.

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 the winner of the Moneyfacts 'Offshore Bank Account of the Year' award 2022, and the Mortgage Introducer 'Top Mortgage Employer' Award 2022.

Skipton International Limited (Skipton), registered in Guernsey: 30112, is a wholly owned subsidiary of Skipton Building Society.

Skipton 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 three-times Platinum award winner as a trusted provider.

The Times Features

Group Adventures Made Easy: How to Coordinate Shuttle Services from DCA to IAD

Traveling as a large group can be both exciting and challenging, especially when navigating busy airports like DCA (Ronald Reagan Washington National Airport) and IAD (Washington...

From Anxiety to Assurance: Proven Strategies to Support Your Child's Emotional Health

Navigating the intricate landscape of childhood emotions can be a daunting task for any parent, especially when faced with common fears and anxieties. However, transforming anxie...

The Rise of Meal Replacement Shakes in Australia: Why The Lady Shake Is Leading the Pack

Source Meal replacement shakes are having a moment in Australia, and it’s not hard to see why. They’re quick, convenient, and packed with nutrition, making them the perfect solu...

HCF’s Healthy Hearts Roadshow Wraps Up 2024 with a Final Regional Sprint

Next week marks the final leg of the HCF Healthy Hearts Roadshow for 2024, bringing free heart health checks to some of NSW’s most vibrant regional communities. As Australia’s ...

The Budget-Friendly Traveler: How Off-Airport Car Hire Can Save You Money

When planning a trip, transportation is one of the most crucial considerations. For many, the go-to option is renting a car at the airport for convenience. But what if we told ...

Air is an overlooked source of nutrients – evidence shows we can inhale some vitamins

You know that feeling you get when you take a breath of fresh air in nature? There may be more to it than a simple lack of pollution. When we think of nutrients, we think of t...

Times Magazine

Your Own Batmobile in the City: Is it Possible?

What do bats and submarines have in common? The smart answer is that they both use sound to get to where they are going. It is more interesting, however, to note why. Bats and submarines both have to deal with dark surroundings with limited visio...

Server Racks and Data Cabinets – What you Need to Know

Server racks and cabinets are what they say on the tin - designed to hold servers and other critical IT equipment for your business such as storage arrays and network switches. They are most commonly used in data centres and networking rooms. Th...

Property app Instarent

Property self-management soars during COVID lockdown The innovative PropTech app, Instarent, has seen exponential growth during the COVID -19 lockdown, reporting a 400 per cent increase in users during March/April 2020. These figures indicate ...

The Essentials of AV Integration: A Beginner's Guide to Audio and Video Integration

The fusion of AV systems into building design, known as AV Integration, is increasingly becoming vital to the work done by building services engineers and consultants. This transformative practice enhances not only the functionality but also the ...

Take Advantage of Cloud Accounting Software to Unlock Maximum Efficiency

In today's fast-paced business environment, it's critical to have access to real-time financial information. A cloud accounting solution provides a cost-effective, secure, and efficient way to manage your business's financial activities, regardless...

The Power of Tech in Business and How Mobile Solutions are Changing the Game

Technology is not just an option but a necessity, particularly in today’s fast-paced business world. From mobile apps to cloud-based accounting software, businesses are now more tech-driven than ever. Whether you are running a small local operation...