Investec Bank has launched a bespoke buy-to-let service aimed at high-net-worth UK expats in Dubai or Switzerland.
The lender says the new offering is tailored for investors who plan to build UK and Channel Islands property portfolios while living abroad.
It points out that Dubai is home to over 70,000 dollar millionaires, while Switzerland has over 420,000, but adds that these investors “remain underserved by most mid-market financial services providers”.
These figures are expected to grow as UK workers seek to relocate, the bank adds.
The lender’s new service includes:
- Dedicated private bankers to help brokers service clients
- Bespoke lending options
- The ability to lend against properties in the UK and the Channel Islands
- £1m minimum loan size
The proposition is accessible through the bank’s network of mortgage brokers and direct from Investec in the Channel Islands and London.
Investec Bank head of intermediary business development Peter Izard says: “Our approach is tailored to address the unique challenges faced by expats who are looking to purchase their first BTL 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.”