UK Housing Market Sees Resurgence, Skipton International Expands Mortgage Offerings

The UK housing market has made a remarkable comeback, with its value reaching £342bn in Q1, according to a report by Savills. This marks a return to its pre-pandemic size, with the sector experiencing a 21% contraction in the year to March 2024. Despite this, the market’s makeup has changed, with a 15% decline in completed transactions offset by a 17% increase in average sale prices.

Image: Skipton International

In other news, Skipton International has gone live on Iress’ mortgage sourcing software, Xplan Mortgage and Trigold. This move will enable users of Iress sourcing products to compare and apply for Skipton International’s range of UK buy-to-let (BTL) products for non-UK residents.

“Knowing how successful Xplan and Trigold have been for Skipton Building Society, I am pleased we can now offer our products and services in this way.” - Jim Coupe, CEO at Skipton International

The expansion of Skipton International’s mortgage offerings comes as the UK housing market is expected to experience growth, driven by lower interest rates and improved spending power. According to Savills, house prices are forecast to rise by 2.5% this year, with transactions expected to reach 1.05 million.

Image: House Prices

As the market continues to evolve, it’s essential for buyers and investors to stay informed about the latest developments and trends. With Skipton International’s expanded mortgage offerings and the UK housing market’s resurgence, now is an exciting time for those involved in the industry.

Image: Skipton International

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