High Net Worth Mortgages.

If you’re considering applying for a high-net-worth mortgage, Blueprint Financial Solutions can help. Our experienced team of mortgage advisers has over 20 years of expertise in high-net-worth mortgages, and we focus on your personal requirements and goals. We provide tailored mortgage solutions to clients in Gloucestershire and across the UK, ensuring our advice meets your individual financial background and specific borrowing needs.
 
We take the time to understand you, meaning you get personalised advice to find the most suitable high-net-worth mortgage for you. Once we’ve found a mortgage, we help with everything from your application to conveyancing chain liaisons, and you’ll know exactly what’s happening throughout the whole mortgage application process. 

What is a High-net-worth Mortgage?

A high-net-worth mortgage is usually over £1 million and is used for multimillion-pound properties or investments.

You’ll need to be a high-net-worth individual to apply for a high-net-worth mortgage. You must earn an annual net income of at least £300,000, have at least £3 million of assets and some lenders may require a guarantor for very large loans to cover loan payments or financial obligations.

High-net-worth mortgages have customised terms and flexibility. When assessing income, lenders look at assets and total wealth rather than regular income. The approval criteria are more flexible than standard loans, often considering investments and predicted future income.

Larger loan sizes are available with high-net-worth mortgages, with personalised mortgage repayment options, such as lump-sum payments. If you have money in different countries, mortgage options in various currencies are on offer.

If you’re a high-net-worth individual, your lender may ask you to pay a larger deposit compared to standard mortgages. In order to raise your deposit, it’s important to understand your finances because they may come from different sources, such as dividends. The size of the deposit you will need to pay is based on the value of the property you would like to buy.

Types of High-net-worth Mortgages

There are various types of high-net-worth mortgages available, and each one is designed for different financial needs.

An interest only mortgage might be suitable if you would like to keep monthly payments low. This type of mortgage offers you financial flexibility and can help with cash flow. Other investments and assets can be used to repay the entire loan later, but it’s essential to have a repayment plan in place. 

Fixed-rate mortgages have fixed interest rates for a set period. Your monthly repayments stay the same, and you won’t be affected by market rate changes during the fixed period.    

You might save money with variable-rate mortgages because rates change in line with the market. If rates go down, so do payments, but if they go up, you pay more, so you must be aware of the risk of changing costs. 

If you have a large amount of savings you don’t need right now, an offset mortgage could be an option to consider. They are loans linked to your savings account, and the part of the loan you pay interest on is reduced by the money in your savings, which can lower costs. 

Whatever mortgage type you choose, the benefits they offer will depend on your financial situation and goals. 

Why Do High-net-worth Individuals Need a Special Mortgage?

Unlike typical borrowers, high-net-worth individuals often want to purchase expensive property and need a special mortgage that takes into account their unique and sometimes complicated financial situations. 

If you’re a high-net-worth individual, your financial profile is likely to be quite complex, with various income sources that might include investments, business earnings and rental properties. Because these income sources can vary in amount and regularity, standard lenders often find it harder to assess your ability to repay a loan.

Compared with the borrowing limits of standard mortgages, high-net-worth mortgages have higher loan amounts, which means you get more financial flexibility and you can borrow enough money to cover the purchase of expensive properties. 

You may need more flexible loan repayment options if you’re a high-net-worth individual. Specialised mortgages can be customised with individual repayment plans, such as making larger lump-sum repayments once you have money available. This can help you manage your cash flow more effectively and efficiently.

If you’d like to apply for a high-net-worth mortgage, it’s important to work with a specialist underwriter who understands your unique and complex financial situation. Specialist lenders can accurately assess your various income sources, making it more likely for you to be approved for a loan based on your overall wealth instead of just regular income.  

High-net-worth mortgage products are personalised to meet each applicant’s individual needs. They are flexible, have higher borrowing limits and are customised to understand the complicated finances of high-net-worth individuals.  

How Can Blueprint Financial Solutions Help You Get a High-net-worth Mortgage?

The experienced team of advisers at Blueprint Financial Solutions are specialists in helping high-net-worth individuals secure the most advantageous mortgage. Our combination of tailored advice and access to exclusive products, through our membership of the Quilter Financial Planning Network, means you’ll enjoy a smooth and efficient mortgage process.

Before recommending the most suitable high-net-worth mortgage options for you, we carry out a personalised financial consultation so that we fully understand your financial background.

Thanks to our strong relationships with leading lenders and our access to the whole of market through our membership of the Quilter Financial Planning network, our mortgage advisers can offer you exclusive high-net-worth mortgage deals. These offers are specifically for high-net-worth individuals and are not always available on the general market.

Our experienced team understands that each client is different, so we put together personalised high-net-worth mortgage options that match your personal financial background and long-term objectives.

Once the application process starts, we manage it step-by-step. We work with all involved parties, keeping you informed at each stage and simplifying jargon. 

We’ll continue to act as a trusted partner to you once your mortgage is completed and approved. Your financial circumstances may change and we will help you adjust your mortgage in line with your current situation. 

If you’re ready to start the high-net-worth mortgage process, get in touch with our professional team.

Fill in our contact form or email info@blueprintfs.co.uk.
 
If you’d prefer to speak to us, call us on 0800 644 6402.

Book your consultation today and take the first step towards your mortgage goals!