Monday February 6, 2012
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  • Minimum loan :GBP 100,000 or currency equivalent.
  • Loan Currency: Must be either the local currency of the property location or the currency of the client's primary income
  • Interest rate: view here
  • Repayments: Quarterly.
  • Repayment options: Capital & Interest repayment or Interest Only (additional 0.20% margin loading).
  • Further advances – GBP 35,000 or currency equivalent.
  • Loan term :30 year term or up to 70 years of age, whichever is earlier.
  • Financing :Maximum 70% of purchase price or valuation price, whichever is lower.
  • Arrangement fee: 1% of the loan amount and payable upon acceptance of formal offer letter and is non-refundable.
  • Legal fees :For client’s account (both the borrower’s and the bank’s legal fees)
  • Valuation fees, stamp duties, taxes, communication charges, building & other forms of insurance :For client's account.
  • Corporate / Trust borrower handling fee :0.25% of the loan amount for clients who borrow via a company
  • Currency switching :Subject to qualification criteria and availability, which varies from time to time. When currency switching is offered, two free switches per calendar year, USD150 per switch thereafter.
  • Security :First legal charge or mortgage over the property.
  • Leasehold properties: Minimum 50 years left to run after repayment date.
  • Letting/Rental :No additional charges or increase in interest rates but tenancies or lets beyond certain terms will require our formal, written authorization and lower loan to value ratios may apply.
  • Repayment :Quarterly in arrears.  
  • Pre-drawdown amendments A handling fee of USD150 will be charged should borrowers wish to make any amendments to the loan offer letter after the letter has been issued and accepted.
  1. The bank will only finance Non-French residents for the purchase of a French property.
  2. The bank can finance French residents for the purchase of property outside of France.
  3. The bank can provide financing for investment property only
  4. The bank can consider providing financing for property subject to 3 years’ tenancy.
  5. Lending against properties with 3 years’ lease is subject to  i) valuation based on 3 years’ lease (which is likely to result in a lower valuation) ii) a lower LTV valuation
  6. Financing will not be available to corporate/trust structures as well as to those cases where the borrower(s) of the loan and the owner(s) of the property are not the same person(s).
  7. After a loan is drawn and the client intends to take up residence in France, the bank may continue with the facility though no additional loan will be allowed.




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Recent Instructions

Purchase of 4 North London apartments for £1.65m for wealthy African family through a BVI company which is in turn owned by a Trust administered in Switzerland. Finance of 80% approved at 3.04% for a 20 year term.
UK clients based in the RoI seeking finance to purchase a small portfolio of UK properties taking advantage of depressed market prices. Total funding requirement £925,000 approved over a 20 year term.
Existing client (UK Expat) based in Brunei looking to purchase a third property back in the UK for £300,000 on a buy to let basis. Finance raised on an interest only basis over a 10 year term.
UK Nationals based in Ghana purchasing North London property for £1.885m with  renovation to be completed at a further cost of £400,000. Residential mortgage of £1.16m to assist with acquisition.
Channel Islands resident with commercial property based in London valued at £2m. Property owned by SIPP and placed in offshore company with equity release to beneficial owner of £500,000
UK National from Scotland with flat based in Glasgow. Living and working on a yacht in the Caribbean seeking mortgage of £70,000 to refinance current mortgage from onshore lender.

UK National based in Abu Dhabi with a flat in the West End valued at £1.7m seeking to refinance from current lender and equity release for further property acquisitons.

Extensive residential, hotel and golf course development in South Africa - €40m

UK Expat based in Moscow looking to relocate family back to UK. Seeking mortgage at 75% of purchase price.

Expat with property based in Channel Islands. Seeking mortgage of £150,000 on property valued at £250,000 to refinance from current lender and small equity release.

Singaporean clients looking to purchase London property at £450,000 for rental investment opportunity. Loan required of £300,000

Expat based in China seeking a refinance of UK property valued at £235,000. Existing lender would not renew as borrower no longer UK resident.

Singapore based Lawyer seeking finance for refinance and equity release on existing UK property to purchase additional investment property - £400,000

New Zealand based client with property in London valued at £450,000. Seeking refinance and equity release to purchase New Zealand residential property for own occupation - £250,000

Swedish client owns a 15 unit residential property on Fulham Road, Chelsea through a BVI company. Refinance sought on improved terms with a 5 year interest only facility - £3.2m

Refinance and equity release of three high-end apartments for lawyer based in Cayman Islands - £2.7m

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