19 Jan 2024
Investec Bank (Channel Islands) Limited named top private bank lender
Investec Bank (Channel Islands) Limited (Investec) has secured its position for the fifth consecutive year as the leading private bank property lender in Guernsey, topping the table for the most property deals completed by both the number and value of bonds registered1. This includes private client mortgages, residential investment and development, and commercial lending.
Investec has witnessed an almost threefold increase in market share in property bonds since 2021 against the backdrop of a declining trend in the total number of bonds registered in Guernsey over the same period. This growth underscores Investec's strategic focus on supporting its clients in their property lending requirements. Over the past three years, Investec has experienced a substantial 50% rise in deal values to over £50 million of bonds registered in 2023.
Challenges of 2023
Despite the challenges posed by the slower property market in Guernsey, Investec has not only navigated the challenging conditions but also emerged as a beacon of consistency in supporting its clients. In 2023 Guernsey witnessed the second-lowest number of sales in any year since 20002, yet Investec has continued to outperform the market.
Those purchasing and investing in property remain cautious in the current economic climate and are actively seeking the best deals and most flexible lenders. Investec's considerable expertise in the mortgage, property development and commercial lending market, both within the Crown Dependencies and the UK, positions Investec as the go-to partner for clients in these uncertain times.
The year ahead
The year ahead is showing signs of improved confidence, according to the Bank of England's latest money and credit report3 indicating a modest increase in approvals for home loans in the UK, with borrowers encouraged by signs of falling interest rates, and Investec is well-positioned to support its clients in seizing new opportunities.
Investec's ability to move quickly in response to client demands can make all the difference in uncertain markets. The lending team's agility and comprehensive understanding of the lending landscape enable it to provide unique and customised solutions, even in complex situations.
Chris Taylor, Head of Private Client Lending in Guernsey said “With one of the largest teams of lending professionals in the Channel Islands we remain committed to our founding principles as a lending business. This allows us to consider transactions of all complexity levels with flexibility and innovative thinking."
Despite a turbulent macroeconomic backdrop, our strategy continues to be validated by a fantastic performance in 2023, with an increased market share and retention of our position as Guernsey’s top private bank lender.
Recent transactions
Investec recently assisted a re-locater to Guernsey in acquiring an open market property. The team’s innovative approach allowed them to provide a flexible lending solution that resulted in a 100% finance package, utilising both the client’s existing UK residential investment property and their new Guernsey home as security in a blended package.
Investec also works closely with the local community and its professionals. The client was also introduced to other essential services they required, including tax, legal and accounting services, ensuring a smooth and seamless relocation process.
Investec is not only active in the Guernsey property market. It recently completed a multi-million-pound facility for a 130-bed purpose-built student accommodation scheme in Kingston-upon-Thames, involving a pan-Island team based in Jersey and the Isle of Man.
Award winning Private Bank
As a recent winner of the WealthBriefing best Overall Private Bank in the Channel Islands, Investec remains dedicated to delivering exceptional service, fostering lasting relationships, and creating value for its clients.
As 2024 begins, Investec is looking forward to maintaining its position as a leader in the Channel Islands’ financial services sector.
How we can help
Investec offers executive mortgages for Channel Island residents tailored to your individual financial circumstances and cash flows with flexible facility terms. As an executive client you will also have access to a range of Executive savings products to help you diversify, segregate and grow your wealth within the Channel Islands.
Investec also partners with property professionals investing in commercial real estate, property development or residential property investment either in the Channel Islands, Isle of Man or the UK.
Get in touch
For more information about Executive mortgages for your own Channel Island property, get in touch with Chris Taylor in Guernsey or Karen Scott in Jersey.
If you’re a property entrepreneur who invests in commercial, development or residential investment property in the Channel Islands, Isle of Man or UK get in touch with Scott Philpott in Guernsey or Steve O’Regan in Jersey.
Applications are subject to status. Terms and conditions apply. Your property may be repossessed if you do not keep up repayments on your mortgage.
1By number and value of registered bonds, excluding Share Transfer transactions, completed in Guernsey between 2019 and 2023. Compiled using data from Unusualities of Guernsey.
2Guernsey Press 04.01.24 and AB Conveyances
3https://www.bankofengland.co.uk/statistics/money-and-credit/2023/november-2023 published 4th January 2024
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