High-Net-Worth Mortgage: Everything You Need to Know

While conventional mortgages often fall short, high-net-worth mortgages support high-profile individuals. This mortgage offers some fantastic benefits, particularly for individuals with a net worth over £3 million. You can use this mortgage to buy a new home or secure your other financial goals.

Do your finances go beyond a standard payslip? Then you should not compromise with your mortgage options either. High-net-worth mortgages are especially designed for people with complex income streams, multiple assets, and a financial profile that does not match the average box.

Our mortgage advisors will help you secure mortgages that match your financial goals, whether it is buying a home, building wealth, or acquiring an investment property.

Are you interested to learn about high-net-worth mortgages? This blog will give you comprehensive information.

What is a High-Net-Worth Mortgage?

If you are researching this type of mortgage, you may have already learned about a few mortgages too. Brokers offer different types of mortgages to specific individuals. As the name suggests, a high-net-worth mortgage is personalised for those people whose total wealth exceeds the limits of conventional mortgage criteria.

If you are looking for a high-net-worth mortgage, our advisors are here to help you simplify the process and find the best deals.

Who is Considered a High Net Worth Individual?

If you are new to this, a question may arise in your mind: Who qualifies as a high-net-worth individual? Well, in the UK, there is a certain benchmark that sets a person as high-net-worth. Here’s a detailed breakdown:

• Multiple investable assets in personal or corporate portfolios.

• A person whose net worth exceeds £3 million (excluding primary residence)

• An annual income of more than £300,000.

What is Commonly Offered When Seeking High Net Worth Mortgage Deals?

• Lending against other assets, the individual has, such as company shares, property portfolios, or ad hoc income from investments.

• Lenders can offer more generous loan sizes than standard mortgages by using flexible criteria, with some possibilities exceeding typical 4.5x or 5x income caps.

• You can also get flexible payment options. You can negotiate options to make large overpayments without penalty.

• You can negotiate to get customised interest rates, repayment options, and terms that align with your financial strategy.

For What You Can Use This Mortgage

• Buying a new property.

• Funding a property portfolio.

• Securing property finance for second or holiday homes.

• Managing borrowing across business accounts.

Bottom Line

A high-net-worth mortgage is a great option for high-profile individuals. It enables them to achieve their financial goals. If you are looking for expert mortgage advisors in Oxford, you are in the right place. Our expert advisors work closely with you to help you grab the best deals. Call us to learn more about our services.