BTL remortgages back on the books for Skipton International

Property Reporter
18th May 2020
Skipton BS 420

BTL lender, Skipton International, has announced that they have reopened remortgage lending for overseas residents following the lifting of restrictions that were implemented due to Covid-19.

Due to measures preventing physical property valuations, the lender had stopped accepting applications but is now welcoming applications for remortgages on UK buy-to-let properties from British expats and foreign nationals.

The firm will initially be accepting applications for remortgages only, with a maximum LTV of 60%, but says it expects to offer purchase mortgages in the near future.

Roger Hughes, BDM at Skipton International, said: “Prior to the Covid-19 pandemic we were seeing strong demand from overseas residents for our UK buy-to-let mortgages. We hope our return to the remortgage market will provide an attractive offering for investors and demonstrate that Skipton is still very much open for business.”

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