| Loan amount | £2,850,000 |
| Purchase price | £4,000,000 |
| Loan-to-value | 71% |
| Property type | Family home |
| Location | Hampstead, London (NW3) |
| Borrower | Senior barrister |
| Term | 25 years interest-only |
| Rate | 5-year fixed |
| Lender type | Private bank |
The Story
Our client, a high-net-worth Barrister, approached Fox Davidson, a leading UK mortgage brokerage, for expert mortgage advice. The client had complex income, with assets held abroad and foreign income, which added to the complexity of the case.
The Challenge
The Fox Davidson team of experienced mortgage advisers took the time to understand the client’s unique circumstances and financial goals. After careful analysis, it was determined that a private bank mortgage would be the best solution for the client.
Despite the complexities of the case, Fox Davidson were able to secure a multi-million-pound mortgage with a high net worth specialist private bank. Our team expertly guided the client through the entire mortgage application process, from application to completion.
The Solution
Thanks to the expertise and dedication of the Fox Davidson team, the client was able to secure a multi-million-pound mortgage with a highly competitive interest rate. The client was extremely satisfied with the service provided and was grateful for the expert advice and guidance offered by Fox Davidson.
This case study highlights Fox Davidson’s ability to navigate the complex world of private bank mortgages and specialist lending situations for high-net-worth clients, including those with foreign assets and income. Our team of mortgage experts provide specialist mortgage advice and find the right solution for each of our clients, no matter how complex the situation may be. If you are a high-net-worth barrister looking for mortgage advice, Fox Davidson is the right choice for you. We specialise in barrister mortgages and high net worth mortgages and have the expertise to help you navigate the complex world of foreign income mortgages.
High-Net-Worth Mortgages
To discuss mortgages for barristers and high net worth mortgages, please get in touch with one of our mortgage advisors.
Frequently asked questions
What is a high net worth mortgage?
A high net worth (HNW) mortgage is assessed under the FCA’s high net worth rules rather than the standard affordability test. It is available to borrowers with net assets over £3 million or annual net income over £300,000. Lenders read the net assets test literally and include the equity in your main home, and on a joint application only one of you needs to meet it.
How does HNW mortgage assessment differ from a standard mortgage?
HNW assessment is whole-of-wealth based rather than income-multiple based. Lenders consider total assets, liabilities, liquidity, income, and lifestyle costs, then negotiate loan size based on the overall financial picture.
What loan sizes are available with HNW mortgages?
HNW mortgages typically start at £1 million minimum and have no upper cap. Loans of £5 million to £20 million are routine for qualifying clients. Loans above £20 million typically involve syndicated lending or relationship-driven arrangements with private banks.
How long does an HNW mortgage take to complete?
HNW mortgages typically complete in four to ten weeks. Mainstream HNW lenders are at the faster end. Private bank cases involving committee approval, complex structuring, or offshore elements can take eight to twelve weeks.
Further reading: mortgages for professionals, barrister mortgages UK, private bank mortgages, high net worth mortgages.
All rates and terms are indicative and subject to individual assessment, lender criteria and property valuation. Your home may be repossessed if you do not keep up repayments on a mortgage.
High net worth mortgages under the FCA high net worth definition. Private bank and specialist lender access.