Home Group Financial Advisers are experienced in working with HNW and Ultra HNW customers to access and raise finance however complex the scenario or income is. We have relationships with a wide range of lenders and private banks to find suitable solutions for our wealthy customers.
Whether you have a Family Office, are a Public Figure, Celebrity or are a UHNW business-person and you are planning on buying a luxury home, remortgaging your existing home to raise capital or purchasing an investment or commercial property; we can help you and you can trust us to act with the utmost integrity.
Often with million pound plus mortgages, customers want interest-only and we work closely with our customers on reviewing their assets such as pensions, investments, overseas assets etc. we work with the lenders and verify you have credible repayment vehicles.
What is a large loan?
● £500,000-£1,000,000
A large loan defined by some lenders as above £500,000; however, we have relationships with high street banks and building societies where mortgages of this size are often the most cost effective. We will work with you to complete a suitable recommendation, and make the application to the lender.
● £1,000,000 – £2,000,000
When we are securing mortgages between £1,000,000-£2,000,000; we will still be reviewing high street banks and building societies but above £1,000,000 mortgage is where the options start to become more limited, often some level of complexity in customer income structures start to become apparent and we will work closely with out customers to understand their income structure and work with high street lenders and also start to review private banks.
● Over £2,000,000
Once you are borrowing above £2,000,000 the high street lenders are very limited and these loans fall into a bespoke category. Often when borrowing a £2,000,000 mortgage the customer’s situation is complex with multiple income streams and requires an experienced Adviser that has worked with private banks and boutique lenders to design and structure a solution.
What is defined as a HNW Customer?
As an official definition a HNW mortgage customer either has £3,000,000 in assets or has an income above over £300,000 per annum.