Mortgage Brain has added Skipton International, a subsidiary of Skipton Building Society, to its sourcing brain and criteria brain platforms.
The new partnership will enable brokers to access the lender’s Jersey and Guernsey residential mortgage products, along with its buy-to-let (BTL) mortgages for UK residents, expats and non-UK nationals living overseas.
As a result of the partnership, Skipton’s five-year fixed rate, 100% mortgage and BTL products in Guernsey and Jersey will be available on Mortgage Brain’s platform, as well as its Guernsey Housing Association product and its UK five-year BTL fix.
Skipton has added that Sourcing Brain and Criteria Brain will help it to cater to a growing interest in UK property investment form overseas.
According to HM Revenue and Customs, 2023 saw a rise in the number of international investors in the UK BTL market, equating to an increase of 20% on the previous year.
Mortgage Brain’s platforms are utilised by over 15,000 intermediaries in the UK.
Head of mortgages at Skipton International, Lorraine McLean, said: "We’re delighted to team up with technology leader, Mortgage Brain, to bring our award-winning range of mortgage products to the UK, Channel Islands and beyond. We like to make purchasing property as simple and as hassle-free as possible so Mortgage Brain was an obvious choice for us. Its technology and innovation makes the mortgage sourcing process straightforward and quick. We’re excited about the opportunities ahead."
Sales and marketing director at Mortgage Brain, Neil Wyatt, added: "We have a number of intermediary users with clients in the Channel Islands as well as expats and overseas buyers, so these mortgage products will certainly be a welcomed addition. We look forward to working together to bring diverse, specialist mortgage solutions to meet the many varied needs of property buyers from the UK and further afield."
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