When it comes to high net worth mortgages, we understand that it is typically more difficult to obtain when reaching out to a high street lender. That is why we aim to support these types of professionals in securing the right high net worth mortgage. Although based in Dorset, we offer professional mortgage services both locally and nationally. Our mortgage advisors are fully qualified and strive to offer some of the best solutions for high net worth individuals like yourself.
Typically, high net worth clients require a large mortgage, often with unusual criteria. To be underwritten as a high net worth client, the mortgage amount that you are applying for usually needs to exceed £1,000,000.
Especially since the global financial crisis in 2008, it has become more difficult for anyone to obtain a mortgage, especially high net worth individuals.
Mortgage regulations have tightened which has led to stricter requirements when it comes to being approved for a mortgage. High street lenders use a standard formula when considering applications. Because of this, lenders will be less likely to accept mortgages for high net worth individuals as the complete financial profile of the applicant is rarely taken into account.
High street lenders typically focus on steady incomes when it comes to mortgage applications. This guarantees the individual can meet repayments. Based on this, high net worth mortgages are more difficult to obtain, as people in this sector tend to receive their wealth from less regular sources.
We offer a range of benefits when it comes to our specialist mortgage brokers. These include:
Whether you are based in Dorset or London, our mortgage advisors will guarantee to offer some of the best solutions and find a high net worth mortgage for individuals like yourself! Get in touch with us on 01202 884111 today!
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