Buying a property

Buying property can be a complex and sometimes stressful experience. It’s important to grasp the finances involved, and the potential rewards and drawbacks.

Whether you’re buying a home or building a property portfolio, we can help you manage your money and establish the most efficient way ahead.

Managing your money

As a Private Banking client, we’ll aim to support your property goals with personalised banking and lending services, subject to our lending criteria. We’ll provide an expert perspective throughout, from assessing your options to helping you consider your borrowing and mortgage options.

Our lending specialists can help you by:

  • Evaluating your short- and long-term needs to establish the right strategy for you
  • Leveraging an existing portfolio to help with an imminent transaction before long-term finance is arranged
  • Accessing bridging finance if you want to buy before you’ve sold
  • Determining your eligibility for a loan secured on your home.

These solutions have individual terms and conditions. Fees and charges will apply.

Buying your home or expanding a property portfolio

If you’re buying a home or building a property portfolio, you’ll have much to consider and organise, from applying for a mortgage to overseeing the legal side of a purchase.

We’re here to help, with information to detail your options and personalised service to help you manage your finances throughout the transaction.

We can help with a variety of solutions, subject to lending criteria:

  • Mortgages, including specialist mortgages
  • Bridging finance
  • Refinancing
  • Self-build finance.

Investing in a property portfolio

Property can be an obvious option if you’re considering using your wealth to create a balanced investment portfolio, particularly for those seeking long-term return potential. However, property investment can be complex and it also has its risks. For these reasons, it’s sensible to talk with our specialists and leading tax advisers, Ernst & Young LLP who we work with, before getting started. A tax expert could help you structure your investment to ensure it is tax-efficient as an asset and a legacy.

Potential Attractive Returns
Like all markets, the property market is unpredictable. However, residential property has tended to outperform some other asset classes.

Please remember that the value of investments, and the income from them, may fall as well as rise. Investors may not receive back the full amount originally invested. Past performance is not a guide to future performance.

Buy to let
Adopting a buy-to-let strategy  with the aim of receiving capital growth or income can be an important part of your investment portfolio.  Whether investing in one or a number of small investment properties or extending to a larger property portfolio you will be able to discuss this with our lending specialists who will be able to direct you to appropriate solutions that can be tailored to your needs.

Protecting your mortgage repayments

Ensuring you can meet your mortgage repayments if an accident, illness or the worst happens is an important part of planning to buy property. Your Private Banking and Advice Manager can discuss your needs and help you decide on the most appropriate option for you.

Replacing income if you can’t work
Income protection cover could be vital if you’re unable to work due to accident or long-term illness and a plan could be designed to compliment a work sickness scheme.

Covering for critical illness
Being diagnosed as critically ill could stop you from working, and seriously impact your life and family. Critical illness cover could make all the difference, providing funds to cover costs such as home adaptations and care.

Life assurance to support your family
Life assurance could help give your family financial stability should the worst happen by providing a lump sum that could pay off your mortgage or other financial commitments. Your Private Banking and Advice Manager can set up a tailored assurance policy to cover costs such as:

  • Mortgage payments
  • Day-to-day outgoings for your family
  • Education fees
  • Inheritance tax liability.

Lending is subject to our responsible lending criteria. How much we lend, the period and rate available are subject to our assessment of your circumstances. Specific eligibility criteria and conditions apply for certain types of lending. You must be 18 or over and a UK resident to apply. Lending is subject to status and application. Security may be required. Overdrafts are repayable in full on demand. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Before any services or products are provided to you we will explain what advice we can give and what products and services this covers, and any advice or product charges that apply and agree these with you.

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Get in touch with one of our Private Banking and Advice Managers.

No charges for the initial meeting to discuss your individual circumstances and objectives.

No obligation to take any of our services or products.

 

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Lines are open Monday to Friday from 09:00 to 17:00 (Tuesday and Thursday until 19:00) and Saturday from 09:00 to 13:00. Excluding Bank Holidays. Call cost may vary depending on your service provider.