British citizens that have retired abroad can now take advantage of the UK buy-to-let market after Skipton International announced an extension of its expat lending.

The offshore bank, registered in the Channel Islands, launched expat buy-to-let mortgages last year, but in response to customer feedback will now also take applications from retired British expats.

Director of Lending Nigel Pascoe said: “This is a really positive addition to our mortgage portfolio. We know that there are many retired expats with good pension incomes who are looking to diversify their portfolios with a buy-to-let property back home. Our mortgages have already been well received by expats working abroad. Now those enjoying retirement away from Britain can also invest in bricks and mortar in England and Wales to take advantage of the long-term price inflation in the property market there.”

British retirees with a minimum pension income of £40,000 and a maximum age of 70, can apply for the scheme, subject to the expat mortgage standard terms.