Our mortgages can fund the purchase or renovation of your principal residence, a holiday home or an investment property. You can also access our lending services to remortgage homes you already own.
Clients can borrow from Nedbank Private Wealth up to the age of 80, with rates decided on an individual basis depending on the size of the loan relative to the value of the property, the loan term and how long you have been a client.
Please note that we do not finance houses of multiple occupancy, and we do not ask for investments to be transferred to us as a condition of lending.
While the September 2022 increase in support for first time buyers in England and Northern Ireland will mean properties that cost less than £625,000 receive relief up to a threshold of £425,000 in stamp duty land tax , the steady rise in property prices across the UK and in Jersey and the Isle of Man, means that many need the help of family to get on the property ladder.
We can not only support families seeking this support, but also ensure that the guarantors have the right wealth planning support to protect their future finances and their investment in the next generation(s).
Our interest-only mortgages mean you only pay off the interest on the amount you borrow, while using investments or other assets you have (known as ‘repayment plans’) to pay off the total amount borrowed at the end of your loan term.
It’s an approach many of our clients adopt as they can be advantageous if:
Often known as Lombard loans, the main benefit is that you can access additional capital without having to sell any of your existing assets, or affecting your long-term financial plans. You can continue to benefit from the earning potential and any increase in value in your investments, while having the flexibility to explore other investment opportunities.
Other benefits include:
– An ability to tailor a loan to your specific requirements
– Access to competitive interest rates
– An easier and cheaper to set up than using property as security
– No need for a surveyor’s valuation or conveyancing fees (a building survey is still recommended)
– An invariably swifter and more cost-effective approach than a bridging loan
– Where used for the purchase of rental property, tax benefits may apply
– All costs are clearly defined at the outset.
This type of loan is available from a minimum of £250,000 (or currency equivalent).
You can download our customer information sheet on the link provided.
Offering competitive interest rates and fee structures that benefit on our relationship with you, we use our balance sheet to make consistent decisions over the long term, and provide support even during difficult economic times. Loans can be in sterling, euros or US dollars and can be secured in your name, or via a company or trust.
For information regarding overdrafts, please click here.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Over 18s only. Credit is subject to status and approval.
A couple with an extensive personal relationship with the bank, as well as business ties, sought to snap up a plot of land in a private land sale, with the seller giving us just two weeks to complete.
When a young couple found that their plans to buy a home extended their finances too far, we worked with the family to secure a solution that everyone was happy to proceed with.
A client of ours was keen to renew her interest-only mortgage, but a conversation with her private banker led to a different solution that helped her broader finances too.
Our in-house lending team is:
Chiraag Patel, Senior Credit Specialist
Bruce Radbourne, Credit Specialist
David Haynes, Senior Private Banker
Martin Ibanez, Private Banker
If you are interested in becoming a client, please complete the form via the ‘become a client’ button below. Alternatively, if you are already a client, or if you have a question about how we help clients in particular circumstances, please use the ‘contact us’ button.
We will get back to you as soon as we can during office hours, which are Monday to Friday, 8am to 8pm (UK time), except for UK public holidays.
Thank you for your interest in Nedbank Private Wealth. Please call us on +44 (0)1624 645000 or complete the requested information and one of our team will get back to you soon. We look forward to speaking with you. Please note: If you are an EU resident, we are unfortunately unable to offer our services to you at present.
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Please call us today on +44 (0)1624 645000. Our office hours are weekdays from 8am to 8pm (UK time), except for UK public holidays.
Or please complete and submit the below form and one of the team will get back to you as requested.
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