Skipton International, the Channel Islands’ bank has seen its mortgage lending in Jersey grow to over £300million. In addition the bank expects its Jersey mortgage book to exceed its Guernsey lending next year. Skipton has been Guernsey’s leading supplier of new mortgages for three years running.
Skipton started offering mortgages in Jersey in 2005, since then it has built up a reputation for excellent customer service, Managing Director Jim Coupe said the continued growth in business, despite the cautious housing market is testament to his team’s focus on local needs, ‘During the financial downturn we launched the Next Generation Mortgage (100% Loan to Value product) to help buyers get on the property ladder, and this year we have become the only mortgage lender to support the Deposit Loan Scheme set up by the States to enable islanders who can’t afford a deposit to purchase their first home. We have provided the right products to suit local needs.’
Director of Lending, Nigel Pascoe, says it is this focus on the customer which has ensured Skipton has never had to repossess a property, ‘We offer a genuinely personalised service and we will ensure that people can afford their new mortgage not just now, but also with some flexibility built in should circumstances alter. When a customer rings us they will talk to one of the team here in the Channel Islands, and our underwriters are also based here which means not only do you get a quick decision, but that we all fully understand the local market conditions.’
Skipton International is a wholly owned subsidiary of Skipton Building Society in the UK, and has kept its mutual ethos by sponsoring community events. In Jersey Skipton has worked closely with the Jersey Arts Trust to produce the Skipton Open Studios for the last two years as well as supporting other local charities and sporting groups.
Category: Finance & Business