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Ex-pats pouring into buy to let according to mortgage lender

Skipton International says it’s seen “remarkable growth” in the Buy To Let mortgage market for expats, with completions skyrocketing in comparison with the previous year.

The Guernsey-licensed bank says last year completions in the BTL sector were up 60 per cent on 2020’s figures.

This notable rise in completions came as the UK property market saw a major increase in the number of titles - residential, commercial and land - owned by non-UK citizens.



According to recent analysis by the Centre for Public Data, the number of titles in England and Wales owned by non-UK citizens has tripled since 2010 from 88,000 to just under 250,000 by August 2021.

Skipton’s business development manager Roger Hughes says: We have an expansive list of countries where residents can apply for a UK Buy To Let mortgage, which is particularly significant post-Brexit, as many UK providers have been withdrawing from this market.”


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