• Al-Sager: We continue to equip our customers with the right tools to make informed decisions and build solid financial plans.
  • NBK’s network is strategically located in major financial centers worldwide to provide our customers access to international markets.
  • Our diverse geographic footprint plays a significant role in providing high quality services to our customers.

National Bank of Kuwait hosted a seminar for its customers to highlight the latest changes in residential real estate tax regulations in the United Kingdom and France.

The seminar held at NBK’s head office was attended by the members of the Board of Directors and Executive Management, as well as Mr. Fawzi Dajani, General Manager of National Bank of Kuwait - London, and Mr. Sabeur Sassi, General Manager of National Bank of Kuwait - France, attended the event.

The seminar was an excellent opportunity to learn about the most recent legislative changes to tax regulations in France and the UK, as well as the latest trends in London residential real estate market. It also sought to deliver insights and vital information to the Bank's real estate clients and investors.

Experts from Knight Frank, the UK's leading independent real estate consultancy, and Trowers & Hamlins, the international legal firm, provided their insight concerning laws, taxes, and government policies, as well as their impact on the real estate markets in France and the UK.

In his welcome speech, Mr. Isam Jasem Al-Sager, Vice Chairman and Group CEO  emphasized NBK’s desire to effectively communicate with its customers and strengthen the Bank’s well-established relationships with them, in addition to its constant efforts to provide them with the latest information and market developments to equip them to make informed investment decisions.

"NBK is an international bank with the most extensive local and international network strategically located in major financial centers worldwide. The Bank harnesses all its capabilities to enable companies and individuals to access international markets and to keep them informed of the most recent developments and changes in international financial markets”, Al-Sager said.

"Discussing the most significant developments to real estate taxes is an important topic; therefore, NBK always focuses on highlighting the most important developments and invites experts to answer your questions and inquiries about the real estate industry, particularly residential properties, which is widely regarded as one of the most prominent investment destinations in the world”, Al-Sager added.

Al-Sager underscored that NBK's geographical diversification since the mid-1980s, and its access to markets with significant development opportunities, are distinguishing elements that enable the Bank to play a key role in delivering high-quality services to its customers.

Participants had the opportunity to ask questions, interact with the speakers, and grasp a better understanding of the current market conditions and future prospects. The seminar was well received by the attendees, who expressed positive feedback. Following the seminar, guests were invited to a dinner party.

The seminar successfully provided customers with helpful information about the Bank's offerings. The presentation was well received by the audience, who praised the concise and clear presentation of the Bank's services and products. Customers were also able to ask questions and engage with bank officials throughout the presentation.

NBK’s Residential Real Estate Services in UK and France

  • Dedicated Private Banking and Real Estate teams, with decades of combined experience in key property markets in UK and France.
  • Competitive, efficient, and accessible financing of residential properties
  • Convenience of applying and managing requests from Kuwait
  • Relationship managers based in UK and France assigned to all clients
  • Assistance in searching, sourcing, selecting, and executing residential real estate acquisitions
  • Coordination with notaries, valuers, lawyers, and other third parties
  • Property bills payment services and expense management in France
  • Trusts & Estates services out of UK

Key Financing Terms For Residential Properties

UK

France

-  Loans with LTV up to 75% for amortizing, and up to 65% for non-amortizing.

- Up to 20 years for amortizing, and up to 5 years for non-amortizing.

- Minimum loan amount of GBP 200,000

Monthly or quarterly interests and repayments

- Housing loans with LTV up to 75% for amortizing.

 

- Up to 15 years.

 

- Minimum loan amount of EUR 400,000.

- Quarterly interests and repayments.

-Ends-