GTBank UK, the United Kingdom subsidiary of Guaranty Trust Bank, recently introduced a mortgage product for customers in the UK and Anglophone West Africa seeking to take advantage of the numerous opportunities inherent in the UK property market.
A statement by GTBank said that the UK Mortgage provides an opportunity for interested applicants to access finance of up to 3.5million Pounds sterling for the purchase of residential properties in England and Wales with a minimum equity contribution of 40 per cent of the total cost.
The Managing Director of GTBank UK, Wale Oyedeji, said the product would enable non UK residents especially in West Africa who can meet the loan criteria to purchase any property of their choice – so far they are able to meet the bank’s lending criteria and minimum requirements of the property loan. Furthermore, he also advised that buyers seek professional advice when purchasing property abroad in order to make informed decisions.
Incorporated in 2008 as a wholly owned subsidiary of Guaranty Trust Bank plc, GTBank (UK) Ltd is authorised and regulated by the United Kingdom’s Financial Services Authority.