Skipton International hits £2bn milestone

Jessica Nangle

January 14, 2021

Skipton International, the Guernsey-licensed bank, has announced assets of over £2bn for the end of 2020.

The bank has a global customer base in over 100 countries and a growing UK buy-to-let and Channel Island mortgage book.

Skipton is anticipating a busy first quarter of this year for those investing in buy-to-let property in the UK and its lending in the Channel Islands.

Jim Coupe (pictured), managing director at Skipton International, said: “The last twelve months were challenging for everyone, but it was an important one for us in terms of measuring our ability to adapt and respond to what has become a fast-changing world.

“As an independent bank we were able to effect change at a fast pace, always ensuring we retained the award-winning customer service we are known for.

“Marketplace changes meant new savings customers for Skipton, particularly with the falling rates at national savings and investment.

“Our UK buy-to-let mortgages also increased sharply when Rishi Sunak announced the SDLT holiday.

“The Channel Islands also rebounded strongly from lockdown in June with property sales exceeding the previous year.

“These are some of many contributing factors to our success.”

“As we pass this milestone, I would like to pay tribute to all Skipton employees, who rose to the challenges thrown at them last year and ensured our customers still received the service they expect in our constantly changing world.”

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