The New Breed of Lenders Bridging the Gap – Enness in Bloomberg

A year ago, Spear's explored why many high-net-worth and ultra-high-net-worth individuals can have low or limited credit histories, despite holding substantial wealth. The article highlighted how mainstream lenders can sometimes view wealthy borrowers as higher risk when traditional credit checks provide an incomplete picture of their financial position.

High-net-worth individuals, particularly entrepreneurs and internationally mobile clients, do not always have the conventional PAYE income or straightforward financial profiles required by mainstream banks. Their wealth may be held across businesses, investments and assets, making specialist underwriting and a more flexible approach to lending essential.

For high-net-worth individuals and property developers requiring fast or complex finance, alternative and specialist lending can provide solutions beyond traditional banking criteria. Enness Global works with private banks and specialist lenders to help structure finance around a client's wider financial position and requirements.

Robinson notes that specialist finance relies on a detailed understanding of a client's wealth, income and overall circumstances. By taking the time to build a clear picture of the client's financial position, lenders can assess opportunities that may not fit conventional lending models.

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