S U C C E S S F U L F U T U R E S T H R O U G H S E C U R E D F U N D I N G

Transcription

1 S U C C E S S F U L F U T U R E S T H R O U G H S E C U R E D F U N D I N G

2 Shawbrook is a British savings and lending bank that combines traditional banking values with a modern approach. We give our customers a straightforward, no-nonsense alternative to the high street. Since Shawbrook s launch in October 2011, the bank has received over 1.2 billion in deposits through offering competitive rates to its savings customers. Its four lending businesses have also established themselves in their own fields, winning multiple awards along the way. For more information please visit Shawbrook Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Giving the gift of a private education A private education undoubtedly offers children an unrivalled opportunity to fulfil their true potential. With school tuition now exceeding 14,000 per academic year, Shawbrook Bank is on hand with a simple finance solution that enables parents to give the gift of a private education to their children.

3 S U C C E S S F U L F U T U R E S T H R O U G H S E C U R E D F U N D I N G Shawbrook offers a range of homeowner loans to help parents finance their child s school education. A homeowner loan is a loan which is secured against a residential or residential buy-to-let property. The benefits of a Shawbrook homeowner loan, as opposed to a personal loan, is that you can tend to borrow a larger amount over a longer period of time. With a Shawbrook homeowner loan parents can... Spread the cost of school fees over affordable monthly repayments. Arrange the loan at any time, we are not restricted to school term dates. Have the loan paid directly to them Borrow up to 500,000 for up to 25 years. In addition to school fees parents have the option to raise additional finance to cover other large expenditure such as home improvements, the purchase of a new car or a family holiday. Overpay the loan with lump sums without cap or penalty, reducing the term of the loan and the interest payable. Top up the loan at any time to cover unexpected expenses such as school trips, instruments and uniforms. Leave their existing financial investments, including a mortgage, in place. Pay the loan off in full with just 28 days notice and a 195 fee which is added to the outstanding balance. Typical homeowner loan scenario The client has three children at private school and has recently purchased an old barn in Suffolk that has been converted into a living space. The client would like to borrow 175,000 over 25 years to fund the children s school careers as well as to finance the building of a mezzanine level on the barn, and install a custom-built kitchen. After a conversation with the client s IFA they were advised to take out a homeowner loan with Shawbrook Bank. The loan, which is secured against their residential property, enables the client to enhance their home and secure the finance for the children s school education. Please contact our friendly team to discuss your requirements: schoolfees@shawbrook.co.uk THE OVERALL COST FOR COMPARISON IS 15.1% APR. THE ACTUAL RATE AVAILABLE WILL DEPEND UPON YOUR CIRCUMSTANCES. ASK FOR A PERSONALISED ILLUSTRATION. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

4 A N A + S E R V I C E F O R P A R E N T S Our homeowner loans are arranged through a small selection of hand-picked broker partners We only work through broker partners because they offer our customers whole of market choice. This means that our customers are receiving the very best product that suits their needs. Not only that, our broker partners will also be on hand to help throughout the whole application process. We work very closely with our broker partners to offer a first class service to maintain our position as the leading homeowner loan lender in the market. To enquire about our Shawbrook homeowner loans please visit or call our dedicated school fees team on

5 Telephone Shawbrook Bank Limited Lutea House, Warley Hill Business Park The Drive, Great Warley, Brentwood Essex, CM13 3BE

6 H O W T O A P P L Y With our broker partners on hand to help you through the process, applying for a Shawbrook homeowner loan couldn t be easier. Form Fill out a short form on our website or call to talk it through with the Shawbrook team. Quote Your enquiry will be sent to one of our trusted broker partners* who will contact you with a personalised illustration. Application Our broker partner will help you through the application process, which can take as little as 20 days, subject to paperwork being completed and returned on time and in full. Payment Funds will reach you by 5.00pm on the day of completion. *Please see reverse to find out who the broker partners are that we work with. Telephone Shawbrook Bank Limited Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex, CM13 3BE

7 O U R B R O K E R P A R T N E R S Our homeowner loans are arranged through a small selection of hand-picked broker partners. Our broker partners offer customers whole of market choice. This means our customers are receiving the very best product that suits their needs. On top of this, our broker partners can also help you through the application process. Regions covered: London, South Wales, South West and South Coast Based in Essex, Brightstar Financial Limited was established in December We are providers of bespoke finance for Bridging loans, Commercial Loans, Secured Loans and Specialist First Charge Mortgages. Our aim is to provide an unrivalled, personal and professional service, tailored to the client s individual needs. Our promise to you: PRODUCT: Provide the most comprehensive product offering in the industry EXPERTISE: Support you with expert specialist consultants in their sector SERVICE: Deliver first class service with a response to every enquiry within 1 hour Regions covered: South East Essex Financial Planners is a firm of Independent Financial Advisers. We were established in Westcliff on Sea, Essex in The Principal has been in the business since 1983 and we have the advantage of sourcing the finest products from the whole of the market. All of the Advisers, Planners and Managers have a wealth of experience and are fully qualified in the field of expertise that they work in. You can be assured that we are able to assist, direct and advise in any areas of financial planning that you require any help with. Regions covered: North Wales, and the North East and West V Loans are a Cheshire based specialist finance brokerage, specialising in arranging loans secured on residential properties in England, Wales & Scotland. With over 20 years experience in financial services, we are renowned for our excellent standards of customer service. We recognise our customers are individuals, and always seek to find the right financial solution for your borrowing requirements. We understand the importance to you of securing the best future possible for your children, and through the range of products available through Shawbrook Bank, the UK s market leading provider of secured loan finance, we can give you peace of mind that school fees are taken care of, within a budget that suits you. Regions covered: Scotland Blimey Loans are a Scottish based, family owned specialist lending broker. We are experts in the Secured Loan, Commercial Mortgage, Bridging and Development Finance markets. We have extensive financial services experience stretching back to 1982 with the Blimey! brand being launched in Over the years we have delivered tailor made lending solutions to thousands of satisfied clients all over the UK. Whilst every single client of ours gets the same high standard of attention, we do have extensive experience dealing with higher net worth individuals. Complex financial affairs require a very high skill set and in particular, clients who need to borrow funds for something as important as children s education, will need their application handled with empathy and diligence. Regions covered: Midlands The Loan Partnership Ltd are based in Watford, Hertfordshire and we are proud to be a chosen master broker of Shawbrook Bank. We have knowledge and expertise of their lending policies and the secured loan industry, and are confident that you will find our service exceeds your expectations. We will work tirelessly to find the right loan for you. Call us anytime on Our service level agreement sets the foundation for Brightstar Financial to be the best in the industry for customer service. It s a pledge our whole team is behind.

8 F R E Q U E N T L Y A S K E D Q U E S T I O N S We hope to have covered your answers to any questions below, if not, please do not hesitate to contact the team on schoolfees@shawbrook.co.uk or call What is a homeowner loan? A homeowner loan is a loan which is secured against a residential or residential buy-to-let property. The benefits of a homeowner loan, as opposed to a personal loan, are that you can tend to borrow a larger amount over a longer period of time. The downside however is if you do not keep up repayments your home may be at risk. How much can I borrow? 3, ,000 (more considered). How long can I borrow it for? From 3 to 25 years. How is the loan paid back? By monthly Direct Debit. What rates do you offer? Our rates start from as little as 6.9%. How can I apply for the loan? Please visit for our online enquiry form. Do you lend to self-employed applicants? Yes, we welcome self-employed applicants and sole traders with 3 recent bank statements to assess affordability. What loan to value do you lend up to? 95%. Can I take out a loan for other purposes than for school fees? Yes absolutely. You can borrow up to 500,000 (more considered) for any purpose. Common uses for a secured loan are home improvements, consolidation of finances, purchase of a new car and to clear a tax bill. Can I overpay my loan? Yes, you can pay lump sums off your loan or increase your Direct Debit, reducing the term of your loan. There is no cap to the amount you can overpay and no penalty charges. Can I pay my loan off early? Yes, you pay off your loan whenever you like. All you need to do is to give 28 days notice and pay a 195 fee which is added to the outstanding balance. When can I take out a homeowner loan? You can take out a Shawbrook homeowner loan at any time. Can I top up my loan? Yes, you can top up your loan whenever you need to. Is the loan paid to me or directly to the school? All our loans are paid directly to the applicant i.e. you the parent. Can I use my residential buy-to-let property as security for the loan? Yes, call us to discuss your requirements. We do not lend against commercial buy-to-let properties. Can I withdraw from the agreement? You can cancel your loan at any time, right up to the day of completion i.e. when the loan is due to be paid to you without penalty. Is Shawbrook Bank regulated? Yes. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Will you perform credit checks? We will undertake a credit check to assess your financial stability before we approve the loan. Will my personal information be stored securely? Yes, any personal information will be stored securely in compliance with the Data Protection Act. Are there any age restrictions on your loans? Applicants must be at least 21 years of age. Maximum age is 80 at the end of the loan term. THE OVERALL COST FOR COMPARISON IS 15.1% APR. THE ACTUAL RATE AVAILABLE WILL DEPEND UPON YOUR CIRCUMSTANCES. ASK FOR A PERSONALISED ILLUSTRATION. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.