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 customer, 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 property 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
- Self-build finance
Building 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, building a property portfolio can be complex and it also has its risks.
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 property portfolio. Whether purchasing one or a number of small 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.
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
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.
Where financial planning is required, we will introduce you to Schroders Personal Wealth to help you make choices based on your circumstances.
Some solutions may include:
- Replacing income if you can’t work.
- Covering for critical illness.
- Life assurance to support your family.
To get advice from Schroders Personal Wealth, you’ll need to have at least £100,000 in savings, investments and/or personal pensions, and/or £100,000 of sole annual income.
Your Schroders Personal Wealth adviser will explain what advice they can give and what products and services this covers and any advice or product charges that apply and agree these with you.
To apply for our Private Banking service, you’ll need to have: at least £250,000 in savings and/or investments with Lloyds Bank, and/or at least a £750,000 mortgage with Lloyds Bank.
Important Legal Information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales, no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 119278.