Private banks are primarily wealth managers and like to acquire clients who have a profile of existing wealth, or least the strong potential of having liquid assets in the future which they may be able to manage.
Private banks can extend a credit facility for their clients, secured against property or other assets, at very competitive rates. We are currently sourcing private bank facilities secured against property with a margin of around 1.75% per annum, and facilities secured against blue chip equities at around 0.65% per annum.
Pros of Private banks:
Potential Cons of Private banks
If you would like to discuss if Private Bank lending could be appropriate for you then please call us on 0207 127 4282 and we would be happy to talk through your options.
Some forms of Private Bank lending are not regulated by the Financial Conduct Authority