About Us

Skipton International, offering a wide range of Offshore Saving Accounts and Channel Island & UK Expat Mortgages

Skipton International is established in Guernsey and is a bank wholly owned by Skipton Building Society (SBS), the fourth largest building society in the UK. If Skipton International was a building society itself it would rank within the 15 largest. For a summary of our recent performance please click here.

Offshore Savings

Skipton International offers a range of offshore savings accounts including Notice, Easy Access and occasionally Fixed Rate accounts in Sterling. There are attractive rates and options to receive interest monthly or annually. Skipton International has savings products open to Businesses, Trust Companies and Pension Plans as well as to Individuals, who represent the vast majority of our savers.

Savers need peace of mind as well as attractive rates, you have worked hard for your money. Establishing a relationship with customers is very important. Skipton International is in it for the long term and does not attract new customers with an enticing rate, only to quietly adjust those rates down once they’re on board. We promise we will communicate changes clearly and honestly, something our customers appreciate.

Skipton International’s maximum account size is £5m, however, with the Managing Director’s approval some clients are allowed to exceed this level, particularly if funds are deposited across term products.

Mortgages

Skipton International is a leading mortgage lender in Guernsey and started lending in Jersey in 2005. Our Jersey lending now exceeds Guernsey. It’s been through open and transparent criteria, local decision making and a focus on superior service quality (including fast turn around of underwriting decisions) that Skipton International has built its reputation. 

Skipton International was delighted to announce in 2014 it had partnered with the Guernsey Housing Association, providing mortgages for its partial ownership scheme. This States supported scheme is designed to help those looking to buy a property, but who would otherwise not be able to afford their own home.

Skipton International believes its mortgage success is down to genuinely personalised service that ensures people can afford their new mortgage not just now, but also with flexibility should circumstances change. Customers telephoning Skipton International talk to one of our team that includes the bank’s underwriters, ensuring a quick decision.

Fast decision making  is one of the reasons why Skipton International’s UK Expatriate Mortgagess are becoming so popular. With an average turnaround of just two working days, Skipton International supports property purchases and remortgages as part of a Buy to Let investment or pension portfolio.

The popularity of our Expat Mortgages reflects a desire to take advantage of long-term UK property price inflation. For new residents in Guernsey or Jersey it also enables funds to be released from existing UK residential property to help fund a purchase in the Channel Islands.

Guernsey

Skipton International is based in Guernsey, one of the world’s most reputable, well-established and regulated financial centres. Guernsey is located just 120 kilometers from the UK, and about 45 kilometres to the west of northern France. It is English speaking and has had centuries of political stability and good governance. It is in the same time zone as London and its modern global finance industry operates under the watch of the Guernsey Financial Services Commission ensuring leading international standards are adhered to.

In the Community

Skipton believes in investing in its local community, sponsoring the Jersey Arts Trust’s Skipton Open Studios and the Skipton Swimarathon in Guernsey, in addition to supporting other local charities, sporting and artistic endeavours.

Depositor Protection

Skipton International has a low risk appetite. Depositor funds are invested in prime mortgages that avoid undue risk and the bank holds sufficient liquid funds to repay depositors as required, even under severe economic conditions. All of our saver’s deposits are invested in Skipton International's name and uniquely for an offshore bank we have very little financial exposure to our parent, as we do not upstream deposits. 

As a Licensed Bank in Guernsey, Skipton International 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 5 year period. Full details are available on the Scheme's website www.dcs.gg or on request.

It should be noted that deposits made with Skipton International are not covered by the Financial Services Compensation Scheme established under the UK Financial Services and Markets Act 2000.