Private banks can offer very low mortgage interest rates, personalised mortgages and bespoke underwriting. They can also move very quickly and produce solutions high street mortgage lenders can't. By looking at your entire situation, getting to know you as a person and taking the time to understand your plans, private banks offer tailored private mortgage solutions to international high net worth clients.
In this case, private bank were able to offer a 85% LTV interest-only mortgage with no assets under management. The client was due to receive some carried interest payments throughout the term of the loan, so the bank offered a flexible amortisation structure that suited the client. Since there was no historical evidence of payments at a similar level, the bank took a view using the future carry payments towards affordability.
Here at Enness, we secure high value, complicated and private bank mortgages in the UK and internationally via an unrestricted network of global private banks. Our access and reputation in this part of the market are unsurpassed; in fact, many leading private banks refer their clients to us when they cannot help them.
Enness will negotiate the terms and rates of your UK mortgage for you, if possible, securing one or more offers for you to compare. Your broker will then talk you through your options and help you understand what constitutes the best offer – sometimes, a marginally more costly mortgage will be more suited to your needs. Enness will talk you through all the aspects of the offer, the process, as well as any potential risks and pitfalls.
When you are ready to accept an offer, Enness will communicate this to the lender and will submit your mortgage application for you. Your broker will remain on hand at every moment of the transaction to ensure your needs are met, troubleshoot for you if required, and ensure the transaction runs smoothly and is as stress-free as possible.