Lending FAQs

Lending FAQs

Answers to the questions we are most frequently asked.

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Do I need to have investments with you to borrow?

We don’t ask for investments to be transferred to us as a condition of lending unless the loan is secured against those investments.

Do you finance homes of multiple occupancy?

No, we are unable to offer finance in those situations.

Do you lend in multiple currencies?

Yes, we lend in GBP, USD or EUR

Do you lend to corporate structures?

Yes, we lend to corporate structures registered in the UK, Isle of Man, Jersey, BVI and Mauritius (subject to meeting certain criteria)

Do you offer equity release on investments?

Yes, where they are held on, or transferred to, our platform.

How are your rates decided?

Rates are decided on an individual basis depending on the size of the loan, loan term, and how long you have been a client.

How long are offers valid for?

Offers are valid for three months.

What's the maximum age you will lend to?

Clients can borrow from us up to the age of 80.

Are there any development finance restrictions?

We are unable to consider development finance for new-build properties, non-standard, or higher risk properties.

Are there any property types you won't lend against?

Working farms or short leasehold properties less than 80 years at the end of the mortgage term.

Do you lend for properties in different areas?

Yes, the residential property must be located in the UK (excluding Northern Ireland), Isle of Man or Jersey.

What is the maximum loan-to-value for a residential mortgage?

Typically, 75% for repayment mortgages and 65% for interest-only, subject to affordability. However, all cases are assessed by our expert advisers on a case-by-case basis.

What types of mortgage interest rates do you offer?

We offer two types – fixed rate and floating variable rate tracker where the interest rate is linked to the Bank of England’s Base Rate

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Are loans only in sterling?

No – we lend in Sterling, Euros or US Dollars

Can I borrow against a property in another country?

We will only finance against properties in the UK, Jersey, or Isle of Man. However, you can release equity from a UK property to purchase overseas.

Can I get a buy-to-let mortgage if I live abroad?

Yes, we can help expats living abroad with buy-to-let mortgages and can consider their income where they live, using the relevant tax codes for that location.

Can you help both UK and internationally mobile expats?

Yes, we can help both with residential and buy-to-let property purchases for expats.

Do you lend to House of Multiple Occupancy properties?

No unfortunately we are unable to lend to HMOs.

Do you lend to Trusts or Special Purpose Vehicles?

Yes, we consider UK, Isle of Man, and Jersey Trust structures and SPVs based in the UK, BVI, Isle of Man, Jersey, and Mauritius.

Do you only assess rental income?

While rental income is mandatory, we are able to take other income into consideration, e.g. earnings and other property income.

What additional information do you need from Trusts / SPVs?

We will require a Personal Guarantee from the Ultimate Beneficial Owner (s) (UBO) and for overseas structures we will also require a Legal opinion for that jurisdiction.

What is your maximum loan-to-value for buy-to-lets?

Typically, 65% for personal borrowers and 60% for corporate structures, however, higher loan-to-values may be considered on a case-by-case basis.

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Are Lombard loans only available to individuals?

Loans can be secured in your name, or via a company or trust.

Can I borrow against other assets e.g. art?

These require asset-backed lending facilities which is a specialist form of financing that we currently don’t provide.

Can you borrow against ISAs and personal pensions?

It’s not possible to borrow against ISAs or pensions for regulatory reasons.

How much can I borrow?

We typically lend up to 50% of the current market value of a diversified portfolio.

How much will it cost?

This depends on a range of factors so please get in touch with your adviser to discuss your individual requirements.

What currencies are Lombard loans available in?

Loans can be in sterling, euros or US dollars.