A client who owned two flats in a three-flat freeholding approached their Investec private banker when the remaining apartment suddenly came onto the market. The client had the opportunity to take ownership of the whole building, in turn unlocking the possibility of improved planning permissions to add further value.
The personal relationships that we at Investec have with our clients meant the private banker understood her client’s entire property portfolio, including further investments outside the building in question. This way, she was able to act quickly to offer a lending solution that enabled the client to realise their ambitions.
The banker behind the story
