Mortgage Brain adds Skipton International products to platforms – The Intermediary

Mortgage Brain has welcomed Skipton International to its Sourcing Brain and Criteria Brain platforms.

This partnership will enable brokers to access the lender’s Jersey and Guernsey residential mortgage products, along with its buy-to-let (BTL) mortgages for UK residents, expats and non-UK nationals living overseas.

Skipton International, a subsidiary of Skipton Building Society, is a residential mortgage lender in Guernsey and Jersey.

The lender also offers a range of mortgages for British expats and foreign nationals looking to purchase a BTL property in England, Scotland and Wales.

The Skipton International products now on Mortgage Brain platforms include a 5-year fixed rate (available for Guernsey and Jersey), a 100% mortgage (available for Guernsey and Jersey), buy-to-let options (available for Guernsey and Jersey), Guernsey Housing Association options and a UK 5-year fixed rate buy-to-let.

This move to join Sourcing Brain and Criteria Brain will help Skipton International aimed to cater to a growing interest in UK property investment from overseas. 

According to HM Revenue & Customs, 2023 saw a rise in the number of international investors in the UK buy-to-let market, equating to an increase of 20% on the previous year.

Lorraine McLean, head of mortgages at Skipton International, said: “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 as hassle-free as possible so Mortgage Brain was an obvious choice for us.

“Their technology and innovation makes the mortgage sourcing process straightforward and quick. We’re excited about the opportunities ahead.”

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.”