Large Mortgage Loans - High Net Worth Mortgage Broker

How Do I Get A Large Mortgage Loan? High Net Worth individual?

These are typically defined as; loans (mortgages) over £750,000, individuals earning over £300,000 or someone who has liquid assets of over £3,000,000.

In today’s ever changing world of finances, there’s one thing that remains constant - these types of clients really do have less options at their disposal than the standard family.

Surprised? - If so, you need to speak to someone, an expert adviser in this field, you need to speak to one of our advisers at Simple Remortgage.

Simply put, a lot of lenders have ‘max loan sizes’ whereby they won’t lend more than £500k, for example. In other instances, some lenders who can lend over £1million, will only do so if you’re LTV (loan to value) is below 70%, and others may require you move all your assets across to them.

Are Interest Rates Higher On Larger Mortgages?

The truth is, it depends on the lender. It depends on your LTV. It could depend on your income. And it could depend on who you bank with. Again, highlighting the need for you to speak to an adviser, and get absolute clarity on your options. Something a comparison site can’t do if trying to sort yourself.

Many of the larger, well established banks, will normally offer standard products up to £1mil-£1.5mil, but after this, you will often find different interest rates and arrangement fees.

Our High Net Worth/Large Loan Services:

• Independent, responsive, market leading advice - handled with integrity and discretion

• Personalise solutions, tailored to your situation, provided by an adviser who understands complexity

• Access to Private Banks

• Interest-only mortgages secured against varying assets

• Solutions for complex situations, income, ownership structures and trusts

• Comfort in dealing with wealthy individuals

• Pre-underwriting approval - meaning direct access to underwriters, ensuring agreements in advance of any submission to avoid time wasting

• Ability to place HNW ex-pats/non UK residents

I’ve Equity In My Property I Want To Release - Asset Rich, Cash Poor

Due to the escalating house prices we seen in some areas of the UK between 2012 - 2018, a lot of individuals now find themselves with a lot of equity but are unsure how to access this, or believe they can’t.

We can help. Often, we’ll try and support by demonstrating other assets you own, as well as pulling together other information regarding your situation, that makes the lender comfortable with taking on the credit risk.