Property lending
We have over 50 years experience of helping customers to invest in the UK property market. So if you’re investing, developing or dealing in property, your relationship manager can help you identify the most appropriate financing option to meet your needs.
Property investment loan
If you’re buying a property that has existing or potential rental income then ask your relationship manager about a property investment loan. The term can be up to 20 years, and it is usually repaid from rental income.
Property development loan
If you’re buying and developing a property, a property development loan is repayable as a lump sum after you’ve sold the fully developed property. The interest is capitalised and the term of the loan will not usually exceed two years.
Bridging loan
If you need to cover the finance gap between the purchase of one asset and the sale of another, then a bridging loan will help. The loan is repayable as a lump sum when the sale proceeds are received and the term will not usually exceed one year.
Property dealing facility
If you need to make fast decisions on buying properties, ask your relationship manager about an overdraft facility with a pre-agreed limit for property dealing. The security is provided by your existing property assets, and your overdraft limit is reviewed every year.
Buy-to-let mortgage
If you’re purchasing or refinancing residential investment property, ask your relationship manager about a buy-to-let mortgage. The term of this mortgage can be up to 25 years.
Fixed rate loans
A fixed rate loan removes the uncertainty about repayments – for part or all of the term of the loan. Interest rates can be fixed for up to ten years, and you can apply to move from a variable rate to a fixed one at any time.
If you would like to discuss any of these options, please get in touch