Bespoke High Net-Worth Mortgages
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Bespoke High Net-Worth Mortgages
At Fitch & Fitch, we create tailored high-net-worth mortgage plans for wealthy individuals who want to buy high-value properties in the UK. We assist local and international clients and offer full support for expats and non-UK residents.
What Is a High Net Worth Mortgage?
A high-net-worth mortgage is for individuals with significant wealth who can’t find the right loan in the regular market.
The Financial Conduct Authority (FCA) defines high-net-worth individuals in the UK. According to the FCA, these individuals make over £300,000 a year and may have over £3,000,000 in liquid assets.
Typically, HNWIs have various income sources and diverse assets and want to buy costly or unique properties. Because of these challenges, a mortgage for HNWI often requires a custom approach. This way, the mortgage terms work well for both the borrower and the lender.
Private banks or specialised departments in large financial companies typically offer these mortgages. They can expertly manage the unique challenges and risks of lending significant sums of money.
Our High Net-Worth Mortgages Offering
Our approach to HNW mortgages includes:
From £1 million to tens of millions of pounds, tailored to each client's specific financial situation.
We can secure high loan-to-value mortgages, sometimes up to 100% LTV, for particularly strong candidates.
We are skilled at working with clients who have complex financial situations. Some clients earn their income from multiple countries, and others invest in different types of assets.
We cater to complex ownership structures such as offshore trusts, limited companies, and other bespoke entities.
We offer access to various funding sources, including well-known banks and private lenders. This way, we ensure our clients get the best terms and conditions.
How to Secure a Net-Worth Mortgages with Fitch & Fitch
High-net-worth clients often find that standard mortgage options from regular lenders don’t work for them. This is because those products are too rigid, and they fail to understand their unique financial situations.
At Fitch & Fitch, we have a wide network of specialist lenders, including private banks and niche financial institutions. Therefore, we can find mortgages that perfectly meet our clients’ needs.
Case Study 1: Tailored £4 Million Mortgage for Investment Management Director
Client Profile: The client, a managing director at a global investment firm, wanted to buy a new home for his family. As a US citizen, he earned money in the US and had assets in US dollars. Because of this income source, it complicated his finances.
The client wanted to buy a five-bedroom home worth £4 million. Therefore, he needed a mortgage with a higher loan amount than the home's price.
His income included a small base salary and various other payments like bonuses, dividends, stock options, and incentive fees. Additionally, the US taxed some of these earnings.
The client also received carry distributions. He was also interested in paying down the mortgage early, which made setting up the mortgage more complicated.
Fitch & Fitch carefully examined the client's financial situation and the value of his company's stock. Then, we devised a two-part mortgage plan and helped arrange an 85% loan-to-value mortgage. This included a £3 million interest-only loan and a £400,000 fully-repaying loan. Subsequently, the client agreed to pay off both loans over 20 years.
In short, this plan ensured the client could easily handle the mortgage payments. It matched up with his cash flow events, and he still had plenty of capital left after buying the property. The plan helped him cover his payments and plan for future ones based on when he got more money.
This case shows how Fitch & Fitch is an expert at creating unique mortgage plans for clients with complicated incomes. Our mortgage solutions help clients buy property without messing up their other financial plans.
Fitch & Fitch Private Office Team Specialise in High Net Worth Mortgages
We partner with over 100 lenders worldwide, including niche societies, challenger banks, alternative lenders, and private banks. This wide access and our successful track record make us leaders in the High-Net-Worth mortgage field. Our team can understand any lending request, negotiate terms, and complete deals with professionalism.
Q&A: Common Questions About High Net Worth Mortgages
A: High net worth mortgages are tailor-made for each individual, so there isn't a set price. At Fitch & Fitch, we focus on acquiring mortgages that start at £500,000. Whether our clients live in the UK or abroad, we work to provide affordable and flexible mortgage options. Our experience helps us get mortgages with remarkably low interest rates.
A: Yes, at Fitch & Fitch, we are skilled at finding mortgage solutions for clients who don't have a regular income but have many assets. We offer options like using property equity, leveraging assets or setting up pre-paid interest plans. These are all tailored to each client's financial situation.
A: High net worth mortgages provide a strategic advantage for managing finances better.They allow you to invest in property without tying up large amounts of money, so you can use your funds for other investments. This flexibility helps protect your other assets and improve your financial plans.
A: High-net-worth mortgages offer more flexibility and suit complex financial situations that regular bank products can't handle. At Fitch & Fitch, we tailor these mortgages to fit unique client needs. Often, this involves unusual income sources and international factors that standard mortgages usually don't cover.
A: Absolutely. High net-worth clients often choose asset-based or asset-backed mortgages. These let them obtain funding using high-value assets like stocks, shares, or large portfolios as security. This type of financing is ideal for those who prefer not to liquidate their investments.
A: Yes, Fitch & Fitch can facilitate high-net-worth mortgages for second homes and buy-to-let properties. We design these mortgages to offer good terms that match the client's financial status and investment plan.
A: Yes, even though high net worth mortgages are usually for individuals with a lot of income or assets. However, those with financial problems might still find good mortgage options. In fact, there are specific mortgage options designed to help individuals in these situations.
Our team specialises in negotiating mortgages that consider the broader financial picture rather than just credit history.
A: Fitch & Fitch also caters to international clients, arranging high-net-worth mortgages that consider global income and assets. Our custom service ensures that clients get bespoke mortgage solutions no matter where they live. In addition, these solutions fit their unique situations.
A: The application process for a high-net-worth mortgage is thorough yet streamlined. Applicants must compile comprehensive documentation reflecting their financial standing, including identification, proof of income, and details of assets and liabilities. At Fitch & Fitch, we help every client through this process. We use many connections with private banks to get the best terms possible.
What our clients are saying…
Are you an HNWI seeking a tailored high-net-worth Mortgage?
Contact Fitch & Fitch today to discuss your unique mortgage needs with an expat mortgage broker. Our unmatched expertise positions us as the premier choice for finding your ideal mortgage for UK expats. We have offices in Canary Wharf, Cambridge, and Colchester, so we’re nearby to give you expert, tailored advice.
Don’t settle for less; secure your perfect high-value mortgage with Fitch & Fitch.
Email info@fitchandfitch.co.uk or call our Private Office team on 020 7859 4339 to start your bespoke mortgage journey.
