High Net Worth Mortgages
✓ You’ll have a dedicated broker who specialises in high net worth mortgages
✓ Your broker will be available around the clock
✓ Rest assured that you’re in safe hands, we’ll make the process smooth and hassle-free
Book your free 30-min call with one of our mortgage advisers at a time that best suits you
If you are looking to borrow a large amount of money, around £1m or more, you will likely be faced with additional challenges than if you were to obtain a smaller mortgage. With years of experience, we can help you to navigate those challenges with ease.
A meticulous approach
We leave no stone unturned in assessing your income to get you the maximum loan size.
Knowledge is power
We understand what lenders are looking for when reviewing a high net worth mortgage application, so you can lean on our expertise with confidence.
Relationships built on trust
We’ve built strong relationships with lenders and private banks which are invaluable when seeking finance for our clients.
High Net Worth Mortgages FAQs
Here are some common questions and answers, alternatively you can call us on 01234 567 890
What is a high net worth mortgage?
High net worth mortgages are specialist mortgages tailored for people who are considered to have high net worth.
According to the Financial Conduct Authority, a high net worth individual is ‘a customer with an annual net income of no less than £300,000 or net assets of no less than £3,000,000, or whose obligations are guaranteed by a person with an income or assets of such amount.’
What makes high net worth mortgages different from regular mortgages?
High net worth individuals tend to have a complex income structure. They might receive some of their income in the form of commission, bonuses and share dividends. They may have multiple sources of income and their income may fluctuate from one month to the next.
These factors can make it more difficult for high net worth individuals to prove their income and affordability for a large mortgage.
This is why it’s important to receive the right advice from a qualified and experienced broker who can ensure that you satisfy the lender’s requirements.
My wealth is tied up in assets, can I still borrow around £1 million?
If the majority of your net worth is tied up in assets like property, cars, art, jewellery or even a yacht, you can use these assets as leverage against borrowing. However, you will be restricted to fewer lenders and private banks who are happy to consider net assets like these.
Our 3 Top Tips for High Net Worth Borrowers
1
Seek flexibility
When selecting the most suitable high net worth mortgage, flexible repayment schedules are key. You may want to pay off your mortgage by making lump sum payments in addition to your monthly repayments. With a regular mortgage, making overpayments would usually incur a fee. You want to ensure that you have the flexibility to make overpayments without incurring hefty fees.
2
Valuation of assets
If you’re planning to use your net assets as leverage for borrowing, you should speak to professionals who can provide a valuation for each asset type. This will help to speed up the mortgage application process.
3
Deposit for a large mortgage
Usually, the larger the mortgage, the larger the deposit. For a mortgage of around £1 million you should aim for a deposit of at least 15%. Although, the bigger your deposit, the better choice of lenders you’ll have and you’ll typically secure a better rate too!
We can also help you with…
Commercial Mortgages
Bridging and Development
Mezzanine Funding
33 Cavendish Square,
London,
W1G 0PW
Unicorn Commercial Finance is a trading name of Unicorn Commercial Broker Limited
Co reg no: 11842350. Unicorn Commercial Broker Limited is a subsidiary of Unicorn Financial Services Limited 14244108. Registered address: 46b Hartburn Village, Stockton on Tees, TS18 5DS
Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement