Personal Banking | Property Finance
We act for property purchasers and investors wishing to raise new finance for purchases or re-finance existing properties. Undertaking full property due diligence and reporting to you and those funding your properties and developments, we help you source finance, put in place finance and negotiate the terms and documentation.
It is important to involve lawyers early in the process before you approach lenders or brokers, to ensure that you have the most financeable and tax-efficient structure in place, and so you benefit from our guidance on the most appropriate and cost-effective sources of finance.
- We can arm you with the questions to ask your funders and help you answer funder requirements in a manner that gives the funder maximum re-assurance to enable them to give you the benefit of very competitive funding.
- We help our clients structure transactions to manage risk, which is especially important in protecting you and your family from recourse to other assets.
- We understand the importance of choosing the right ownership structure.
- Our panel appointments with leading lenders mean we understand lender requirements and also help you save unnecessary costs.
We advise on:
- home-loans and loans for investment in, and development of, your properties
- mortgages and other security
- insurance arrangements and house-builder guarantees
- trustee power to borrow, lend and grant security and recourse limitations on trust and other assets
- security over rental income, cash-sweep mechanisms, and security for cost-overruns
- using pensions to fund purchases
- stamp duty land tax and inheritance tax issues
- availability of tax allowances
- acting for UK and overseas purchasers of properties in England and Wales using finance and granting security
- helping buy-to-let landlords raise competitive finance on their portfolios
- advising on inheritance tax issues and the options available to pass assets to family members in a fundable, tax-efficient manner
- giving advice on the impact of stamp duty land tax ("SDLT") surcharges on second and subsequent property ownership and on steps to mitigate the impact that reduce finance costs
- set-up structures for rent collections and security and ensuring any managing agents hold your funds in client trust accounts and enter into appropriate arrangements with funders
- sourcing competitive funding for clients wishing to re-structure and re-finance their buy-to-let portfolios
- advising many charities who are active in the provision of homes in their communities on their financing arrangements and on steps to limit the applicability of VAT on services in relation to new-builds and refurbishments