Results 1 to 3 of 3
  1. #1
    Registered User
    Join Date
    Aug 2012
    Location
    England
    Posts
    2

    Can I raise money using a trust as security?

    I am a named beneficiary on a irrevocable trust in the UK, my parents who are now elderly set up a trust some years ago to avoid paying loads of inheritance tax, the trust comprises mainly of a property plus a few shares etc.I need to raise some funds to help with a move to the Middle East soon, would be very grateful for any assistance. I have looked at lots of sites but cannot find any info. Many thanks.

    Apologises if I have posted this on the incorrect forum I am new to the site
    Last edited by charliebrown380; 3rd August 2012 at 11:52 AM.

  2. #2
    Financial Journalist
    Join Date
    Sep 2003
    Posts
    4,264
    Blog Entries
    111
    Possibly, but it sounds like a job for a specialist lender. As you know lenders are increasingly fussy about who they lend to, whether for mortgages, business ventures or anything else. In days gone by you might have easily obtained an unsecured loan, or with some sort of tentative security such as an inheritance or even the sale of the property you were purchasing with the loan (ie interest only). Now lenders will be looking for much more security, so it will depend on the terms of the trust and whether they think lending to you will offer them a good business opportunity, given that there are lots of other people looking for loans and they might do better lending it elsewhere.

    Give Tony Sanchez a call 01606 828 265 and see if his firm (Clara Capital) can help you or, if not, if he can point you in the right direction.

  3. #3
    Registered User
    Join Date
    Aug 2012
    Location
    England
    Posts
    2
    Many thanks for your reply.

Similar Threads

  1. Deposit security
    By John Clark in forum Ask an expert
    Replies: 2
    Last Post: 12th February 2009, 08:35 PM
  2. ING Direct security
    By frostie in forum Ask an expert
    Replies: 1
    Last Post: 13th October 2008, 03:23 PM
  3. The key to security is yours
    By Halifax in forum General insurance
    Replies: 0
    Last Post: 5th November 2003, 10:39 AM
  4. PC Security
    By FBS in forum Computer help
    Replies: 20
    Last Post: 3rd July 2003, 07:45 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •