Private banks lending on buy-to-let.

Reports in the FT indicate that private banks are beginning to lend again to landlords.

Banks such as Standard Chartered Bank, Investec, JP Morgan are among the boutique banks that have indicated their intention to start lending to wealthy private clients who are keen to expand their buy-to-let investment portfolios in the current depressed market.

Each bank has their own criteria on lending and they will only lend to the 'seriously wealthy'.

One such private bank is the First Bank of Nigeria which will lend between £2.5 m and £25 m on London properties advancing up to 60% LTV at a rate of around 4%.

For more information read the full story in the FT.


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