Strategy
UK Private Bank Targets Expats With New Offering

Weatherbys Private Bank has added an offering to its menu of services aimed at UK expatriates, particularly those in Hong Kong and Dubai.
Weatherbys Private Bank is widening its service offering to include a dedicated focus on the needs of individuals who live abroad but for whom the UK is their long-term home.
The firm told this publication that Hong Kong and Dubai are key targets for the offering.
“Many of the millions of British expats living and working abroad would like to own property in the UK, particularly in preparation for their return,” said Quentin Marshall, deputy head of private banking.
“For the majority, securing a mortgage is a total nightmare experience as banks have either withdrawn from the market entirely or tightened their lending criteria to unacceptable levels,” Marshall said.
He added that each applicant is considered on their personal financial situation and circumstances, not their credit scoring.
The roster of services will include: expertise in foreign currency mortgages and loans; loan sizes of between £500,000 ($610,000) and £5 million; flexible terms of lending; sterling, dollar, euro and other major currency accounts; saving account options ranging from instant access to longer term fixed rates; no charges or commission when using the debit card abroad; telephone, online and mobile banking apps; competitive exchange rates; and forward contracts and options to help hedge currency risk.