By Staff writer
London has proven to be the most popular area to invest in the UK for those investing from abroad
Skipton International, which is based in Guernsey, the Channel Islands, has completed the 200th buy-to-let mortgage for British expats, with demand proving highest among those living in Dubai and Qatar.
The British lender launched the expat buy-to-let mortgage option last year and it said "demand has been high and is still growing, with more than 130 applications in the pipeline."
The bank said it is targeting retired British expats and is now completing at least one mortgage a day.
Jim Coupe, managing director of Skipton International said: “There are very few products on the market for UK expats who wish to purchase buy-to-let property in the UK, and demand for this mortgage has been very high since we launched. Many of the applicants are first time landlords keen to invest in the UK, along with landlords looking to expand or remortgage their portfolios.
Demand has been highest from British expats in Dubai, Qatar, Hong Kong, Singapore, Switzerland and the USA, the bank said.
London has proven to be the most popular area to invest in the UK, followed by the general South Eastern area of England.