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| *Loan,banking and credit>>>bank of england |
Will a bank in the UK lend me money to invest in shares (known as "gearing")? |
I know this occurs in other countries (e.g. Australia) but I can't find any info on it on UK bank websites- do UK banks lend money for this purpose? Or would you just take out a personal loan and invest the money instead of spending it? I would suggest finding a broker that offers margin (basically they lend you up to four times your account balance, and charge you interest on the lent amount at around 6-10% apy, depending on the broker). Of course, be very careful with leveraged investments. |
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