Lending solutions
Flexible, quick, tailored
Nedbank Private Wealth is a boutique wealth manager and private bank with offices in the UK, Isle of Man, Jersey and United Arab Emirates. A purpose-led organisation, we seek to protect our clients, advise them with integrity and make their lives easier. We work closely with individuals and families across generations to deliver a high level of service that helps them meet their financial needs – now and in the future – whether they are based in the UK or internationally.
Bespoke competitive rates
Lending consistently since 1987, across all economic cycles, we focus on addressing your individual circumstances, tailoring the loan according to your profile, loan terms and security.
You benefit from our low-geared balance sheet and long-term view, as well as a broader discussion of your finances. We do not ask for investments to be transferred to us as a condition of lending unless the loan is secured against those investments.
We offer:
- A range of lending solutions and advice both on and offshore
- Interest only or repayment options
- Fixed and variable interest rates
- Lending in GBP, USD or EUR
- Lending secured on property in the UK, IOM, Jersey and Guernsey, where the purchaser or beneficiary will occupy the property
- Assistance to buy UK buy-to-let investment properties
- Lending to corporate structures registered in the UK, IOM, Jersey, BVI and Mauritius*
- Equity can be released from investments where these are held on or transferred to our platform
*subject to meeting certain criteria.
Lending Rates
Tracker Rate Mortgages:
| Two Year Floating Tracker rates | |
|---|---|
| Principal private residence LTV* up to 60% | BoE base** + 0.95% |
| Principal private residence LTV* 60% to 75% | BoE base** + 1.10% |
| Buy-to-let in personal names | BoE base** + 1.35% |
| Buy-to-let in corporate names† | BoE base** + 1.89% |
| Five Year Floating Tracker rates | |
|---|---|
| Principal private residence LTV* up to 60% | BoE base** + 1.20% |
| Principal private residence LTV* 60% to 75% | BoE base** + 1.35% |
| Buy-to-let in personal names | BoE base** + 1.75% |
| Buy-to-let in corporate names† | BoE base** + 2.25% |
Fixed Rate Mortgages:
| Two Year Fixed rates | |
|---|---|
| Principal private residence LTV* up to 60% | 5.60% |
| Principal private residence LTV* 60% to 75% | 5.80% |
| Buy-to-let in personal names | 6.10% |
| Buy-to-let in corporate names† | 6.60% |
| Three Year Fixed rates | |
|---|---|
| Principal private residence LTV* up to 60% | 5.35% |
| Principal private residence LTV* 60% to 75% | 5.55% |
| Buy-to-let in personal names | 5.85% |
| Buy-to-let in corporate names† | 6.35% |
| Five Year Fixed rates | |
|---|---|
| Principal private residence LTV* up to 60% | 4.95% |
| Principal private residence LTV* 60% to 75% | 5.15% |
| Buy-to-let in personal names | 5.45% |
| Buy-to-let in corporate names† | 5.75% |
Longer term fixed rates – available on request
* Loan to value ** Bank of England base rate
† must be supported by a personal guarantee.
Loan terms
- Fixed Rates: Loan size £500,000 to £5,000,000
- Floating Trackers: Loan Size £500,000 to £10,000,000
- Larger Loans may be available on request and priced on a case-by-case basis
- Fixed rate – only available on an interest only basis
- Arrangement fee 0.5% of the loan
- Maximum loan to value: 75% (dependent of property value, property use, structure and location)
- Early repayment charges apply to fixed rate loans
- Applicant pays for the valuation instructed by Nedbank Private Wealth. They may pay an additional sum for a homebuyer or full survey
- Applicant pays the solicitor’s fee. For properties valued below £2m, Nedbank Private Wealth can use the applicant’s solicitors, if appropriate
Eligibility criteria
The property
- First legal charge only
- Purchase or re-mortgage of, or further advance against, a primary residence, second home, or buy-to-let
- Residential or investment property located in the UK, Jersey, Guernsey or the Isle of Man
- Residential property must be habitable and occupied by the client and/or a close relative
- Investment property must be habitable, or let out on an acceptable tenancy
- No houses of multiple occupancy (HMOs) accepted
- No working farms, no short-leasehold (<85 years), no high rise, no development finance for new-builds or otherwise non-standard or higher risk properties
The applicant
- Must not have adverse account history or credit history prior to the date of application
- Must be a UK, I.O.M, Guernsey or Jersey resident or national (other than those residing in the EU/EEA). Residents/nationals from other jurisdictions may be considered only on an case-by-case basis
Important information
- The rate is indicative and non-binding up until the issuance of a formal offer, at which point the rate becomes legally binding for three months.
- Offers are valid only for three months – offer will lapse at the end of three month validity period at which time the pricing may have changed.
- Rate may be withdrawn at any time.
Contact our senior credit specialist Chiraag Patel on 07570 324730 or by emailing [email protected]