Mortgage lending totals £375 million in 2023
Offshore bank Skipton International reported a significant increase in its pre-tax profits for 2023, reaching £47.3 million, marking an 18.4% rise from the previous year.
The bank’s gross mortgage lending, which focuses on supporting expatriate and non-UK resident buy-to-let mortgages, totalled £375 million for the year.
“This is another strong performance which reflects our continuing growth,” said Jim Coupe (second from right in picture), chief executive of Skipton International. “Our business model, which includes both local and UK buy-to-let mortgages, plus savings accounts, is well tested, successful, and robust.”
He added that customer satisfaction remains a priority for the Guernsey-licensed bank, as evidenced by the 4.7/5 star rating it received via the independent review platform Feefo.
We’re thrilled to announce that we have won the @Feefo_Official 2024 Platinum Trusted Service Award for excellence in customer service for five years running.
— SkiptonInternational (@SkiptonInt) March 25, 2024
We’d like to thank all our customers for sharing their feedback and ratings on Feefo #FeefoTrusted. pic.twitter.com/Ku0u84yhHW
“We pride ourselves in our personal approach to customer service and have held the Feefo Platinum award for three consecutive years,” Coupe said.
“One exciting achievement was the announcement by the respected independent organisation ‘Moneyfacts’ that Skipton International had won its third consecutive award for being ‘Best Offshore Account Provider of the Year’ as voted for by our customers. Testament, indeed, that we have got it right by offering the right products and serving our customers as they wish.”
In 2023, Skipton International also contributed an additional £70,000 to the Skipton Community Fund, supporting various causes in the Channel Islands. This is part of the bank’s commitment to community engagement, alongside major sponsorships including events and clubs in Guernsey and Jersey.
Skipton International operates as a wholly owned subsidiary of Skipton Building Society and is part of the Skipton Group. The group includes Skipton Building Society and Connells, the UK’s largest estate agency.
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