Skipton International celebrates £1 billion of mortgages

People holding up the number one billion on balloons

Skipton International has reached £1 billion of mortgage loans across the Channel Islands and the UK.

The Guernsey-registered bank is one of the largest providers of residential mortgages in the Channel Islands, supplying mortgages in Guernsey since 2002, and in Jersey since 2005.

In 2014 Skipton launched buy-to-let mortgages for British expats wishing to invest in the UK.

Skipton reached £100 million of buy-to-let mortgages in the UK in September, followed in October by £500 million of mortgages in Jersey.

Jim Coupe, Managing Director, Skipton International, said: “This has been a huge year for Skipton International. Reaching £1 billion of mortgage lending is a significant milestone for us, and a testimony of the popularity of our products across different markets. It also demonstrates the excellent customer service our team members have been delivering consistently for so many years.”

Earlier this year Skipton moved into new offices in Guernsey to accommodate growing staff numbers – the company, which is also Guernsey’s Business of the Year, has grown by 50% in the past three years.

Over the next year Skipton is developing a new online saving system, and replacing its existing core banking system for offshore savings customers.

Jim said: “As we grow we are investing in the future of the business, continuing to invest in the high levels of staff training and professional development that help us give excellent customer service, and investing in the systems customers use.

“Our new online saving system will allow us to provide  up-to-date services and the new portal will be an additional channel for our offshore savings customers to access their account 24 hours a day from wherever they are in the world.”

Skipton International won Best Offshore Account Provider 2016 at the Moneyfacts Awards; the third time Skipton has won a Moneyfacts Award, and the bank has been commended, highly commended, or has won an award for the past seven years.