Recent Instructions

  • UK Nationals based in the Cayman Islands seeking finance of £700,000 to assist with the purchase of two North London apartments on a buy to let basis.

  • New Zealand based client with property in London valued at £450,000. Seeking refinance and equity release to purchase New Zealand residential property for own occupation - £250,000

  • Singapore based Lawyer seeking finance for refinance and equity release on existing UK property to purchase additional investment property - £400,000

  • Expat based in China seeking a refinance of UK property valued at £235,000. Existing lender would not renew as borrower no longer UK resident.

  • Singaporean clients looking to purchase London property at £450,000 for rental investment opportunity. Loan required of £300,000

  • Self employed UK National based in Malaysia seeking finance of £1.925m to assist with the purchase of a Central London residence.

  • UK Expat based in Moscow looking to relocate family back to UK. Seeking mortgage at 80% of purchase price.

  • Clients based in Sri Lanka seeking finance of 80% to purchase apartment in Bristol for their daughter whilst studying at university.

  • UK National from Scotland with flat based in Glasgow. Living and working on a yacht in the Caribbean seeking mortgage of £70,000 to refinance current mortgage from onshore lender.

  • Channel Islands resident with commercial property based in London valued at £2m. Property owned by SIPP and placed in offshore company with equity release to beneficial owner of £500,000

  • Existing client (UK Expat) based in Brunei looking to purchase a third property back in the UK for £300,000 on a buy to let basis. Finance raised on an interest only basis over a 10 year term.

  • UK clients based in the RoI seeking finance to purchase a small portfolio of UK properties taking advantage of depressed market prices. Total funding requirement £925,000 approved over a 20 year term.

  • Purchase of 4 North London apartments for £1m for wealthy African family through a BVI company which is in turn owned by a Trust administered in Switzerland. Finance approved at 3.14% for a 20 year term.

     

Spain

 

  • Minimum loan: GBP 100,000 or currency equivalent.
  • Further advances – GBP 35,000 or currency equivalent.
  • Loan Currency: Must be either the local currency of the property location or the currency of the client's primary income
  • Interest Rates: view here
  • Repayment options: Capital & Interest repayment or Interest Only (five years maximum and additional margin loading of 0.20%).
  • Loan term: 30 year term or up to 70 years of age, whichever is earlier.
  • Financing: Maximum 60% of purchase price or valuation price, whichever is lower.
  • Arrangement fee: 1% of the loan amount and payable upon acceptance of formal offer letter and is non-refundable.
  • Legal fees :For client’s account (both the borrower’s and the bank’s legal fees)
  • Valuation fees, stamp duties, taxes, communication charges, building & other forms of insurance: For clients account.
  • Currency switching: Subject to qualification criteria and availability, which varies from time to time. When currency switching is offered, two free switches per calendar year, USD150 per switch thereafter.
  • Security: First legal charge or mortgage over the property.
  • Leasehold properties: Minimum 50 years left to run after repayment date.
  • Letting/Rental: No additional charges or increase in interest rates but tenancies or lets beyond certain terms will require our formal, written authorization and lower loan to value ratios may apply.
  • Repayment: Quarterly in arrears.
  • Pre-drawdown amendments A handling fee of USD150 will be charged should borrowers wish to make any amendments to the loan offer letter after the letter has been issued and accepted.
  1. The bank can only finance EU passport holders for the purchase of a Spanish property. Non-Residents Buyer’s Identification Number (NIE) (which is for foreign individuals) is to be obtained before purchasing a Spanish property. NIE for all appearing parties e.g. guarantors must be included in the relevant mortgage documents. For non-EU passport holders, NIE needs to be arranged by the borrower in advance of the transaction.
  2. The bank can finance Spanish residents for the purchase of property outside of Spain.
  3. Bank consent is required for entering into letting or tenancy agreements for terms exceeding 6 months.
  4. Financing will not be available to corporate/trust structures as well as to those cases where the borrower(s) of the loan and the owner(s) of the property are not the same person(s).
  5. The bank only finance Non-Spanish residents for the purchase of a Spanish property.

After the loan is drawn and the client intends to take up residency in Spain, the bank may continue the facility although no additional loan will be allowed.

 

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