Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
Skipton International: UK Rental Property Remains Focal Point for Hong Kong and Singapore Investors

Hong Kong, Singapore and U.A.E. investor appetite for UK property demonstrates continues in 2023 demonstrating resilience amidst financial market volatility

GUERNSEY - Media OutReach - 27 March 2023 - Skipton International, the award-winning Guernsey licensed bank, has revealed that UK property investors based in Hong Kong and Singapore favour London, North West and West Midlands. This is according to data provided by Hamptons, the premier UK estate agent who, along with Skipton International, are part of the Skipton Group.

Skipton International - Lorraine McLean
Skipton International - Lorraine McLean

In 2022, over 600 rental property sales were recorded by Hong Kong (over 400) and Singapore (over 200) investors using the Bank's buy-to-let (BTL) mortgages.

The lion's share of these sales, 40%, were in London, followed by the North West (Leicester, Liverpool, Manchester etc.) at 23% and The Midlands, including Birmingham, Coventry, and Nottingham at 15%. The remainder was split across numerous areas across the UK.

The table below details the buy-to-let property purchases made in key regions during 2022 via Skipton's buy-to-let mortgage support for Hong Kong and Singapore -based investors.

North West
North West
South East
South East
West Midlands
West Midlands

Commenting on the research data, Lorraine McLean, Mortgage Sales Manager, Skipton International, said:

'The findings clearly show Hong Kong and Singapore BTL purchasers see UK property as a safe haven asset class amidst last year's political upheaval and global market volatility. Through introducing new products and competitive mortgage rates, Skipton International offers customers additional opportunities to fund their property portfolios.'

These products include Limited Company (Special Purpose Vehicle) buy-to-let lending, Base Rate Trackers, and Fixed Rate mortgages at attractive rates, plus introducing US Dollar savings accounts to provide more choice for customers.

In first two months of 2023, Skipton International has completed on Buy-To-Let mortgages with a value of over GBP44 million from investors based in Hong Kong, Singapore and United Arab Emirates alone. In comparison, the same period last year saw a slightly lower value, indicating house prices are increasing in the UK.

'The UK property market appears attractive to overseas investors for various reasons including a stable and transparent legal system, an appetite for various cities and towns, and the demand for rental properties continues to outstrip supply,' added Jim Coupe, Managing Director, Skipton International.

Away from city centres such as Birmingham, Cardiff, Edinburgh, Liverpool, London, Manchester where house prices continue to increase, houses in commuter towns and villages attract higher rental rates.

Hashtag: #skiptoninternational #skipton #UKproperty #btl

The issuer is solely responsible for the content of this announcement.

About Skipton International

Skipton International offers a range of offshore savings accounts and is one of the Channel Islands' leading mortgage lenders for residential Channel Island mortgages and UK Buy-To-Let mortgages for expats and non-UK resident nationals.

It is a two-times winner of the Moneyfacts 'Offshore Bank Account of the Year' award 2022 and 2023, and the Mortgage Introducer 'Top Mortgage Employer' Award 2022.

Skipton International Limited (Skipton), registered in Guernsey: 30112, is a wholly owned subsidiary of Skipton Building Society. It is also part of the Skipton Group, which includes Connells and Hamptons Estate Agents.

The bank is licensed under the Banking Supervision (Bailiwick of Guernsey) Law. Skipton is a participant in the Guernsey Banking Deposit Compensation Scheme. The Scheme offers protection for 'qualifying deposits' up to 50,000, subject to certain limitations. The maximum total amount of compensation is capped at 100,000,000 in any five-year period. Full details are available on the Scheme's website or on request. To help maintain service and quality, telephone calls may be recorded and monitored.

Skipton International has a customer service rating of 4.7 / 5 according to Feefo, an independent online assessor of customer service, and is a three-times Platinum award winner as a trusted provider.

Skipton International

Posted by : Media Outreach, Jenny
Viewed 0 times
PR Category : Others
Posted on : Monday, March 27, 2023  11:00:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of
Email this article Print this article

Share this article with your friends and followers
Back to Media OutReach

Related Stories

Most Viewed Press Release posted in the last 7 days
IATA SAF Registry [40922-Views]
UAE Team Emirates Celebrates World Bicycle Day [33968-Views]
Dubai Civil Aviation Authority participated in Future Aviation Forum in Riyadh [33444-Views]
Hunger Hotspots Report: Famine Looms In Gaza While Risk Of Starvation Persists In Sudan, H... [33321-Views]
Urgent Call To Action To Address Historic El Niño Drought In Southern Africa [32976-Views]
Cathay Pacific to launch direct flights connecting Hong Kong and Riyadh [22833-Views]
The House Of Amouage Introduces Its Spring Gift Sets Selections [11037-Views]
Emirates scores 3 top awards for Inflight Entertainment, Connectivity, and Premium Economy... [7860-Views]
Liali Jewellery Unveils Exquisite 21K Gold Bahraini Pearl Collection: Nouf [7204-Views]
Cypher Urban Roastery Unveils Exclusive Father's Day Gift Guide for Coffee Aficionados [7195-Views]
REDTAG Presents a Range of Captivating Styles with its Eid Al Adha Collection 2024 [6941-Views]
ADFD and AIIB host knowledge exchange workshop, Paving way for enhanced climate action ini... [6884-Views]
SHREE Unveils New Store in Dubai Silicon Central, Bringing Contemporary Fashion to the Hea... [6736-Views]
LINDBERG Sun Titanium: Impossibly Lightweight [6580-Views]
Danube Group Onboards Dubai Media Inc. as Their Official Media Partner [6580-Views]
Atelier Jameel and Bayt Yakan partner to deliver traditional arts and crafts summer progra... [6355-Views]
Eid Al-Adha Gifting with Lush Middle East | Eid Exclusives, Haircare Sets and Spa Treatmen... [6347-Views]
KEZAD Group signs lease agreement with NMDC Energy for AED 367m manufacturing facility in ... [6302-Views]
Spin, Win & Celebrate! Deerfields Mall gears up for Eid al Adha [6183-Views]
SharkNinja Makes Waves in Dubai with First-Ever Middle East Showcase and Regional Launch o... [6113-Views]
Dubai SME and Danube Group Sign Cooperation Agreement to Boost Market Opportunities and Fo... [5970-Views]
Economic Integration Committee reviews progress of National Registry, discusses UAE's ende... [5961-Views]
2024 marks a break through for sustainability in the GCC, PwC report [5859-Views]
Etihad Rail and CSP Abu Dhabi CFS Sign MoU for integrated rail transport services [5814-Views]
Abu Dhabi University Climbs 79 places in the 2025 QS World University Rankings [5814-Views]
RSS Facebook Twitter LinkedDin on Instagram
Top Sections
Top Stories