Mortgage lending landmark for Channel Islands bank

Thursday 10 April 2014

Skipton International’s share of Channel Islands mortgage lending continues to rise as new mortages in Jersey have overtaken home loans in Guernsey.

The Channel Islands’ bank has been the leading new mortgage lender in its home base Guernsey for four years running. Nine years after Skipton started offering mortgages in Jersey, the value of mortgage lending in the Island has risen above Guernsey’s for the first time.

To meet the increased demand in the Island, Lorraine McLean was recently appointed Jersey Mortgage Sales Manager to support the business and intermediaries.

Director of Lending Nigel Pascoe said Skipton International – which increased its mortgage lending by 10% last year - looks set for further growth this year.

“It is evidence that we are getting it right at Skipton International. Our relationship management team is local, our underwriters are local, we understand better than anyone else the market conditions in the Channel Islands,” he said.

Skipton International Limited is a wholly owned subsidiary of Skipton Building Society, the UK’s fourth largest building society. It was the only local mortgage lender to support the States’ Starter Homes Deposit Loan Scheme.

Managing Director Jim Coupe, said the landmark lending for Jersey was also down to the hard work of his staff and the relationships built up with intermediaries.

‘We have a dedicated mortgage team who work hard to ensure we provide excellent customer relations, not just with individual clients, but also to our wide network of intermediaries who sell our mortgages in Jersey,” he said.