Think Your Mortgage Deposit Was High? Try Saving £8.185M - Our Latest Research

Enness Global has revealed the substantial mortgage deposits paid by high-net-worth homebuyers purchasing property at the very top end of the global market.

On average, clients buying through Enness at this level of the market provide a mortgage deposit of around 40%, helping them access competitive rates and products available to high-net-worth borrowers.

Enness examined what a 40% deposit equates to based on the average property entry price for the top 1% of homebuyers across 17 of the world's most prestigious property markets.

With a property entry point of almost £20.5m, Monaco ranked as the most expensive market for the top 1% of global homebuyers. Limited space and a restricted supply of property mean that even relatively modest homes can command exceptionally high prices.

Based on current property values, a 40% mortgage deposit for a top 1% homebuyer in Monaco equates to approximately £8.185m.

Hong Kong recorded the second-highest mortgage deposit requirement among the markets analysed. With an average property entry point of £5.425m for the top 1% of homebuyers, a 40% deposit would equate to around £2.170m.

High-net-worth buyers in Singapore ranked third, with an average mortgage deposit of £1.643m. Sydney (£1.333m), London (£1.240m), Los Angeles (£1.209m) and New York (£1.116m) also required deposits exceeding £1m at the top end of their respective property markets.

Mumbai and Cape Town recorded the lowest property entry prices for the top 1% of homebuyers, at £465,038. Even so, a typical 40% mortgage deposit would still amount to approximately £186,015.

Hugh Wade-Jones, Managing Director of Enness Global Mortgages, commented:

“It might seem strange that those with the means to buy a £20m house would choose to finance the purchase with a mortgage. However, where favourable interest rates are available to borrowers with the financial strength to secure them, it can make strong financial sense to use debt as part of a wider wealth and liquidity strategy.

“A number of private banks can provide bespoke lending solutions in these circumstances. By structuring a mortgage appropriately, borrowers may be able to secure attractive long-term financing while retaining liquidity for other opportunities.”

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