Ahlibank has launched a new service for those looking to purchase a property in London.
The service, which boasts of competitive mortgage terms and conditions, is designed to make the process as straightforward as possible for those looking to add UK property to their investment portfolio, with no need to open a UK bank account or pay the mortgage in British pounds.
Instead, Ahlibank will arrange for the mortgage in Qatari riyals, and will handle the entire process directly with the property and legal partners in the UK, the bank said.
A core part of the all-encompassing service will also see Ahlibank’s private banking team working with its legal advisers to recommend the best ownership structure for tax purposes, including options such as ownership through an offshore company or a personal trust. The team can even source ideal properties based on the specific requirements from the client.
Fadi Chami, head (private banking) said, “If our client wants a penthouse next to Harrods or a townhouse in the middle of Chelsea, then we will aim to find them one – and the mortgage will be arranged in Qatari riyals. We are proud that this one-stop-shop service will enable our clients to focus on enjoying the property rather than having to worry about the process of buying it”.
“Working with some of the most prominent property agents in London we can source some of London’s most exclusive and desirable residences. Also, in conjunction with our legal advisers, we can organise the most tax-efficient ownership structure and ensure the entire process is as smooth as possible. Ahlibank is focused on being at the heart of the Qatari community, and we are committed to helping our clients whether they want to invest here in Qatar or further afield.”