The product is available to eligible non-UK resident directors, including those residing in the European Union, using pure SPVs incorporated in the UK, Guernsey, or Jersey. Trading companies, however, are not eligible. Applications are limited to a maximum of two directors or shareholders per company, providing a clear structural boundary for intermediaries assessing whether a case fits.
The proposition supports both purchases and remortgages. The interest coverage ratio (ICR) is assessed at 125 per cent using the five-year product pay rate. The maximum loan-to-value (LTV) is 65 per cent, with a minimum loan size of £200,000.
Dedicated support throughout the process
While the new proposition expands the lender’s capabilities, Lewis is clear that it doesn’t change how Skipton International works with its brokers: the lender is keeping its emphasis on personalised support. Intermediaries can speak to dedicated mortgage specialists about residency, company structure, eligibility, and packaging requirements before submitting a case.
“This gives them an experienced point of contact when further discussion is needed,” Lewis says, pointing to Skipton International’s expat intermediary hub as a rich resource for key lending criteria, product rates, terms and conditions, application information, and supporting documents.
The lender’s criteria-led underwriting approach assesses applications on a case-by-case basis. It looks at the sustainability of the rental income, the property and its valuation, the company’s structure and activity, the directors’ background and experience, and wider portfolio exposure where applicable.