Investec Bank has launched a buy-to-let proposition specifically tailored for UK expats living in Dubai or Switzerland.
This new offering has been designed to help high-net-worth (HNW) expats build their UK property and Channel Islands portfolios while living abroad.
Investec believes that there is significant growth potential in both Dubai and Switzerland.
Dubai is currently home to over 70,000 dollar millionaires, while Switzerland has over 420,000.
This figure is expected to grow as more UK workers seek to relocate.
Key features of the lender’s new buy-to-let proposition include dedicated private bankers to help brokers deliver maximum value to their clients, bespoke lending solutions tailored to client’s needs, the ability to lend against properties in the UK and the Channel Islands, and minimum loan sizes of £1m and above.
This new offering will be accessible through Investec’s network of mortgage brokers and direct from Investec in the Channel Islands and London.
Peter Izard (pictured), head of intermediary business development at Investec Bank, said: “We are pleased to launch our bespoke buy-to-let proposition for expatriates.
“Our approach is tailored to address the unique challenges faced by expats who are looking to purchase their first buy-to-let property or are seeking to expand their UK and Channel Islands property portfolio while out of the country.
“We offer a personalised private banking service, that aims to provide an out of the ordinary experience for our clients.”
