Facebook Linkedin
Contact Us

High Net Worth

‘Large loans’ are usually lent to those that are considered to have above-average income. High street lenders usually work with steady incomes when it comes to mortgage applications as they have a level of certainty that the individual will be able to keep up with their repayments. For those requiring with a high net worth  and require a more suited arrangement, there a handful of lenders that can help and that we work with on a regular basis.

If you are looking for a larger than normal mortgage, you may find that some high street lenders may not offer the most competitive mortgage rates. At SJ Financial Solutions, we can help you find the most suitable mortgage deals.

About High Net Worth Mortgages

High Net Worth (HNW) mortgages may be more complicated as the individuals tend to receive their income from less common sources or more complicated sources. Many lenders have a maximum loan amount and sometimes, the maximum loan is not as high as you would think. 
 
You may think that these lenders are for the ultrarich and are private banks, and in some instances they are. But there are a few of the big high street names that have departments set up for discussing this type of mortgage. There are also a number of smaller building societies that are always willing to have an open discussion with us about your circumstances.

Why Choose Us for High Net Worth Mortgages?

We have numerous clients who work in various high paying professions. Many of whom have found it difficult trying to obtain a mortgage due to being a locum, being an IT contractor, working in the entertainment industry, professional sports person, getting paid from sponsorship deals. Not all lenders are able to assist or actually understand the structure. however, because of our experience we are able to help.
 
Some clients have numerous sources from various businesses they are involved in or a job that pays high commissions and bonuses. Not all high street lenders, banks and building societies are able to assist.
 
We can help to arrange larger mortgages to meet your requirements with specialist lenders and private banks. Having an experienced advisor understand your role and remuneration means we can research the options for you and come back with a solution.
 

Your home may be repossessed if you do not keep up repayments on your mortgage.

Request a Call Back

Would you like to speak to one of our advisors over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.

For Businesses: Do you have questions about how our advisors can help your company? Send Amanda an email and she will get in touch or phone 0121 448 0161 between 09:00 and 17:00 on Monday to Friday and she will be delighted to have a chat with you.

Note: Your details are kept strictly confidential as per our Privacy Policy. A link to this can be found in the footer. By submitting your information you agree that you have read this and that you agree to its contents.

Name

Eligibility Criteria for High Net Worth Mortgages

To qualify for a high net worth mortgage, borrowers typically need to meet specific eligibility criteria set by lenders. These criteria may include: Amount of deposit, source of income/currency of income/min income..

  • Credit Score Considerations
    While credit scores still play a role in the mortgage approval process, high net worth borrowers may have more lenient credit score requirements compared to traditional mortgages. Lenders focus more on the borrower's overall financial stability and ability to repay the loan.
  • Access to Larger Loan Amounts
    High Net Worth Individuals may require larger loan amounts to finance high-value properties or investment ventures. High net worth mortgages allow borrowers to access substantial funds based on their asset portfolio and perhaps the utilising the varied income sources they may be in receipt of.
  • Income Documentation
    Unlike standard mortgages that rely heavily on income verification, high net worth mortgages may have alternative methods of assessing the borrower's financial capacity. This may include reviewing investment income, trust funds, or other sources of wealth.

Benefits of High Net Worth Mortgages

  • Flexible Loan Terms
    High net worth mortgages often come with flexible terms tailored to the borrower's financial situation. This flexibility may include interest-only payments or unlimited overpayment facility.
  • Access to Larger Loan Amounts
    High Net Worth Individuals may require larger loan amounts to finance high-value properties or investment ventures. High net worth mortgages allow borrowers to access substantial funds based on their asset portfolio and perhaps the utilising the varied income sources they may be in receipt of.
High Net Worth

Your home may be repossessed if you do not keep up repayments on your mortgage.

Frequently Asked Questions

Are high net worth mortgages only for millionaires?

No, high net worth mortgages are designed for individuals with significant assets, which can vary in amount. While some borrowers may be millionaires, others may qualify based on their overall financial portfolio.

Can I use a high net worth mortgage to purchase investment properties?

Yes, high net worth mortgages can be used to finance various types of properties, including main home, holiday home or investment properties.

Are high net worth mortgages riskier than traditional mortgages?

Generally speaking no, the interest offered maybe one of that is variable so payments may fluctuate but funds are still secured against an asset and that is at risk if payments are not met.

Any More Questions?

We pride ourselves in working with our customers as transparently and honestly as possible, so if you have any questions then please don’t hesitate to contact us and we’ll be happy to answer any queries that you may have. Simply click the button below to submit a contact form or ring either our Birmingham office on 0121 448 0161 or our Tamworth office on 01827 230 760.

Contact Us

What Our Customers Say

MoneyMentor offers personalized financial planning services to manage finances wisely, invest confidently, and plan for retirement. Get expert guidance for a secure future.
  • @moneymentor
  • Get in Touch
  • Direction
Facebook Twitter Youtube