Mortgages for High Net Worth Individuals

When it comes to dealing with high street lenders, high net worth mortgages are typically more difficult to obtain. At Davidson Deem, our mortgage brokers strive to support all types of professionals. Because of this, we will find the right mortgages for high net worth individuals. 

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. 

high net worth mortgages

THE DIFFICULTY OF MORTGAGES FOR HIGH NET WORTH INDIVIDUALS

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, as 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.

BENEFITS OF OUR SPECIALIST MORTGAGE BROKERS:

We offer a range of benefits when it comes to our specialist mortgage brokers. These include:

  • Industry Experience- With over 30 years of industry experience, we have a close relationship with a range of lenders that are only willing to accept applications from individuals who receive assistance from a mortgage broker. Because of this, we can provide you with better opportunities when it comes to high net worth mortgages. We can also talk directly with underwriters at specialist and large banks.
  • Communication-We understand the special circumstances surrounding high net worth mortgages. By talking to you about your financial situation and taking a look at your financial profile, we can make a compelling case to mortgage lenders on your behalf.
  • Efficiency- Our team work hard to get your application approved as soon as possible. In order to do this, we move quickly enough to ensure that your mortgage application is processed as quickly as possible. This ensures that you are able to secure the property your heart is set on.
  • Exclusive Rates- Due to the special circumstances surrounding high net worth mortgages, many lenders will accept the application with high rates of interest. Here at Davidson Deem, we know how to pitch a case with lenders to get a desirable rate of interest. Additionally, we can get access to exclusive rates of interest that you won’t ever be able to find without the help of our specialist mortgage brokers.

OUR HIGH NET WORTH MORTGAGES

To get in touch with a mortgage broker that you can trust, contact Davidson Deem on 01202 884111 today.