Supporting a client's buy-to-let growth strategy
Our clients’ wishes
Mr C is a partner in a prominent Saudi Arabian law firm. He also manages a large buy-to-let (BTL) portfolio of properties based in the UK. As a long-standing client of Nedbank Private Wealth, he approached us looking for additional borrowing to expand his property portfolio with the goal of adding three new BTL properties and securing income that would align with his high-level investment and wealth strategy.
Our clients’ situation
In 2023, while arranging an additional loan for Mr C, one of his existing properties faced valuation issues, leading to a nil valuation. As a result, we removed this property from the loan security and based the new financing on the remaining six properties at a 65% loan-to-value (LTV) ratio. This also increased Mr C’s existing mortgage amount, allowing him to partially fund the purchase of three new buy-to-let properties, each with its own mortgage at 65% LTV.
Mr C’s salary and strong asset base easily covered his loan repayments, allowing him to service the loans comfortably from his salary alone. We then helped Mr C secure financing on interest-only terms over seven years at a competitive 5-year fixed rate of 5.25%, which he found very favourable.
Mr C’s salary and strong asset base easily covered his loan repayments, allowing him to service the loans comfortably from his salary alone
Our client's outcome
By working closely with us, Mr C was able to proceed quickly with his property purchases. This outcome has enabled Mr C to expand his real estate holdings, secure in the knowledge that Nedbank Private Wealth could also support his investment goals as his portfolio grows.
Happy with the rate, the personalised service, and the speed of approval, Mr C has since begun exploring further investment and wealth planning solutions with Nedbank Private Wealth, to increase his portfolio’s value and diversify his assets further.
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Contact
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Email our credit specialists directly at [email protected] or call +44 (0)1624 645000 to speak to our client services team.
Any examples of investments and structures used are for illustrative purposes only. This case study does not constitute an invitation or inducement to buy any financial investment or service. None of the content constitutes advice or a personal recommendation. Individuals should seek professional advice, based on their jurisdiction and personal circumstances, before making any financial decision.
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We have helped countless high net worth clients with their financial needs – some straightforward, some complex. Our bespoke approach, where we really get to know our high net worth clients, allows us to offer solutions that other wealth planners and private banks aren’t able to.
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