Mortgage Brain Expands Product Offerings with Skipton International
Mortgage Brain, a leading mortgage technology provider, has announced a new partnership with Skipton International, a subsidiary of Skipton Building Society. This partnership will enable brokers to access Skipton International’s Jersey and Guernsey residential mortgage products, as well as its buy-to-let (BTL) mortgages for UK residents, expats, and non-UK nationals living overseas.
Skipton International’s Product Range
Skipton International offers a range of mortgage products, including a 5-year fixed rate, a 100% mortgage, buy-to-let options, Guernsey Housing Association options, and a UK 5-year fixed rate buy-to-let. These products are designed to cater to the growing interest in UK property investment from overseas.
Skipton International logo
Growing Demand for UK Property
According to HM Revenue & Customs, 2023 saw a significant increase in international investors in the UK buy-to-let market, with a 20% rise compared to the previous year. This growing demand has led to an increased need for mortgage products that cater to overseas investors.
Lorraine McLean, Head of Mortgages at Skipton International, commented: > “We’re delighted to team up with technology leader, Mortgage Brain, to bring our award-winning range of mortgage products to the UK, Channel Islands, and beyond. We like to make purchasing property as simple and hassle-free as possible, so Mortgage Brain was an obvious choice for us.”
Mortgage Brain logo
Benefits for Brokers
Neil Wyatt, Sales and Marketing Director at Mortgage Brain, added: > “A very warm welcome to Skipton International. We have a number of intermediary users with clients in the Channel Islands as well as expats and overseas buyers, so these mortgage products will certainly be a welcomed addition. We look forward to working together to bring diverse, specialist mortgage solutions to meet the many varied needs of property buyers from the UK and further afield.”
UK property market
This partnership is expected to bring a range of benefits to brokers, including increased product options for their clients and a more streamlined mortgage sourcing process.
