| Loan amount | £3,200,000 |
| Purchase price | £4,500,000 |
| Loan-to-value | 71% |
| Property type | Period townhouse |
| Location | Mayfair, London (W1) |
| Borrower | Corporate lawyer, equity partner |
| Term | 25 years interest-only |
| Rate | 5-year fixed |
| Lender type | Private bank |
The Story
Our client, a high-net-worth corporate lawyer, needed expert mortgage advice for a large mortgage. With a significant and complex income and assets, the client required a specialist solution.
The Challenge
The client contacted Fox Davidson, a leading high net worth mortgage brokerage, for assistance. Our team of experienced mortgage advisers took the time to understand the client’s unique circumstances and financial goals. We then provided the client with specialist mortgage advice and a range of exclusive mortgage options from private banks and specialist lenders.
After careful consideration, the client decided to proceed with a multi-million-pound mortgage with a private bank. Fox Davidson 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. Our team of experts provide specialist mortgage advice and finding the right solution for each of our clients, no matter how complex the situation may be.
High-Net-Worth Mortgages
To discuss high-net-worth mortgages with one of our mortgage advisors, please do get in touch.
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.
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.