KuwaitPR.com, Online Press Release from Kuwait
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
British expats in Kuwait can now access buy-to-let mortgages from Skipton International

Offshore bank, Skipton International has extended its UK buy-to-let mortgages to British expats currently living in Kuwait. It’s one year since the bank first launched the lending products, which have attracted a lot of interest from the Gulf region.

Obtaining a buy-to-let mortgage as a British expat isn’t easy, a need identified by Skipton, which has been serving deposit account customers in more than 100 countries around the world for nearly 20 years.

Director of Lending at the Channel Island bank, Nigel Pascoe, said, ‘We pride ourselves on our personal service and work hard to ensure we are offering customers what they need. That’s why after a lot of interest from the Gulf region, we decided to open up these mortgages to Kuwaiti based British expats. We have also recently extended these mortgages to retirees as we know people are eager to take advantage of the long-term price inflation seen in the UK housing market, and keen to diversify their portfolios with the potential for further economic uncertainty.’

Skipton has also created a mortgage calculator to help show prospective landlords how much they might be able to borrow on a property

Prospects for buy-to-let landlords in the UK are rising with the private rental market continuing to increase, according to the UK Government’s English Housing Survey.  It found that in 2013-14, 19% (4.4million) of households were renting privately, up from 18% in the previous year, and 11% in 2003 with young people aged, 25-34 more likely to be renting privately than buying. Renting privately has become the norm for the younger age groups.

Posted by : Kuwait PR Network Editorial Team
Viewed 13369 times
PR Category : Banking & Investments
Posted on : Tuesday, July 14, 2015  2:36:00 PM UAE local time (GMT+4)
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Celebrate the Festive Season With Chloe Eau De Parfum [50229-Views]
The mystery of dandruff jokes finally revealed [50049-Views]
Roberto Cavalli Gold Collection [49143-Views]
Let It Glow [34325-Views]
DKNY Launches (Limited Edition) Holiday 2018 Collection [15818-Views]
What Procedure I Got Done to My Skin [14235-Views]
PopSockets launches a new collection with crystals from Swarovski, the must-have accessory for the H... [13362-Views]
Interview with Asil Attar, CEO of Al Yasra Fashion [13276-Views]
Marni Introduces Marni Rothko, A 7-layer Acetate Frame With a Vivid, New Color Palette [13202-Views]
Marchon Eyewear, INC. And Victoria Beckham LTD. Sign Exclusive Global Licensing Agreement for Eyewea... [12329-Views]
HP ProBook x360 11 G3 and G4 Education Edition [12259-Views]
From Tracks to the Street: Puma Re-issues CELL Venom [10127-Views]
Profeta - Premium Range of Halal Vitamins and Supplements for Men, Women and Children [7835-Views]
Completes Acquisition of Versace [7716-Views]
Michael Kors Unveils Spring 2019 Michael Kors Collection Ad Campaign [7031-Views]
INJAZ Al-Arab Gears-up for the 12th Annual Young Arab Entrepreneurs Competition to be held in Kuwait [6228-Views]
Sony Unveils Newest Products and Introduces Latest Efforts from Entertainment Businesses at CES 201... [4473-Views]
Fresh island breeze in Switzerland? Get to know the most surprising experiences in Switzerland from ... [3928-Views]
Rolls-Royce Motor Cars Achieves Historic Business Record [3809-Views]
Despite external pressure, Huawei Rotating Chairman expresses confidence in the company business per... [3596-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories