Heritable
Bank Company Information
About
The Heritable Bank Company
Heritable
Bank was founded in Glasgow in 1877 and moved to London in the 1950s.
They are proud of their strong reputation in property development
finance. They employ a dedicated team of recognised industry specialists
with many years’ experience and have financed many projects
throughout the UK.
To
build upon these existing strengths in property lending, Heritable
Bank has recently established its own residential mortgage lending
arm, to cater for borrowers with both straightforward and more complicated
borrowing requirements. They have recruited a team of highly experienced
lenders for this purpose.
In
February 2004 Fitch Ratings, the international ratings agency, assigned
Heritable Bank ratings of Long-term A, Short-term F1 and Support
1. The outlook for the Long-term rating is Stable.
In
2000, Heritable Bank became part of the Landsbanki Islands, the
National Bank of Iceland, with assets of £3.9 billion (as
at March 2004). Landsbanki was established in 1885 and is Iceland’s
oldest full-service commercial bank. Its privatisation from state
ownership, which began in 1998, was completed in February 2003 and
Landsbanki Islands has ambitious plans for growth. As one of the
largest quoted companies in Iceland, the bank plays a leading role
in Iceland’s growing economy. For more information on Heritable
Bank’s parent company please visit the website Landsbanki Islands.
Heritable Bank is authorised and regulated by the Financial Services
Authority in the UK and subscribes to the Mortgage Code. Buy to
Let mortgages are not subject to the Mortgage Code. Heritable Bank
is a member of the British Bankers Association.
8 Hill
Street
Berkeley Square
London
W1J 5NG
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