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Borrowing

With bespoke lending solutions, you can borrow by securing against a range of investments or UK property – giving you the flexibility you need, while supporting  your long-term financial goals

A distinctly different approach

With bespoke lending solutions, we act quickly to help you against a range of investments or UK property – giving you the flexibility you need and supporting your long-term financial goals.

 

Each loan is reviewed individually to provide the most suitable solution for you in the short, medium and long term. 

Our approach allows you to borrow against your own UK-based residence, second home or buy-to-let property, with fixed term and interest-only mortgages available. Or you can borrow against your international investments holdings. Loans can be in Sterling, Euros or US Dollars.

Our services

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 generations(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:

  • You want your monthly loan payments to be lower. Given that you are only paying the interest, the regular costs are typically lower than for a repayment mortgage.
  • You have the potential to repay the debt faster, especially if you already have an exit strategy in mind.
  • You are seeking to downsize given the monthly payments can be budgeted, with the proceeds of the property sale used to repay the debt. The difference used to purchase a new, smaller, property.

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.

Access relevant articles and insights

Money management

Seize the moment with Lombard loans

31 Jan

   |   6 mins

Sometimes an investment opportunity arises that’s simply too good to miss. By borrowing against your liquid financial assets, Lombard loans offer the flexibility to diversify your portfolio when needed, without having to sell any of your existing assets or investments or disrupt your long-term plans.

Money management

What’s happening in London's residential property market?

31 Mar

   |   7 mins

Many events affect the demand and supply of the capital’s property, and therefore valuations. But what is currently impacting London's residential property market? What should buyers (and sellers) be aware of?

Money management

What's happening with London property?

30 Nov

   |   45 mins

David McFadzean joined Marcus Dixon of LonRes and Mark Francis and Jane James of London’s Surveyors and Valuers to discuss the current state of the London property market, what the stories are behind the news headlines and what homebuyers and investors might expect to see in the coming months.

Money management

Island life – what to consider when relocating to the Channel Islands

11 Oct

   |   5 mins

With the opportunity to work from home, with only occasional trips to the office, more people have looked to move out of London. But what locations are on their list? David Haynes flags the reasons many might choose the Channel Islands, and some aspects of a move that people should be conscious of.

Case study

Two weeks to snap up prime land

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.

Case study

Leveraging family relationships

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.

Case study

Long term support via borrowing

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.

Support for mortgage brokers

Part of a global financial services company, with our own low-geared balance sheet, we have made consistent, long-term lending decisions since 1987. We provide mortgage brokers and their clients with uninterrupted support, tailoring the loan according to the profile of the client, loan terms and security, even during difficult economic times.

Clients benefit from our low-geared balance sheet and long-term view, as well as a broader discussion of their finances. Our award-winning wealth management services enable many clients to take advantage of investment backed lending or allow borrowing without the condition of investments being transferred to us.

You can download our advisor information sheet on the link provided.

Please contact credit.enquiries@nedbankprivatewealth.com for more information on our full suite of services and our loan terms.

Nedbank Private Wealth Limited is licensed by the Financial Conduct Authority to provide regulated mortgages in the UK. If your client fails to keep up loan repayments, the home or the assets used to secure the loan may be at risk. Borrowers have to meet certain criteria before we will lend.

Get in touch

Our in-house lending team is:

Chiraag Patel, Senior Credit Specialist

chiraag.patel@nedbankprivatewealth.com

Bruce Radbourne, Credit Specialist

bruce.radbourne@nedbankprivatewealth.com

David Haynes, Senior Private Banker

david.haynes@nedbankprivatewealth.com

Martin Ibanez, Private Banker

martin.ibanez@nedbankprivatewealth.com

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.

Become a Client

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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Contact Us

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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