Private Bank Mortgage

To qualify for a private bank mortgage, you typically need to meet the criteria of a high-net-worth individual (HNWI). As per the FCA definition, an HNWI is someone with a net income of £300,000 and/or net assets of £3,000,000. Moreover, private banks usually prefer loans of at least £1,000,000 and maintain more conservative Loan-to-Value ratios (e.g., 65%, but potentially extending up to 90%).

Private banks offer a much more flexible and holistic approach to mortgages and can consider more convoluted income streams & assets to get the mortgage required. They will also assign you a banker once your mortgage is completed to assist you with any financial requirements you may or may not need in the future.

Many, but not all, private banks offer mortgage lending. Some reserve their lending capacity for their existing customers, some will need sight of a bigger private banking relationship such as assets under management (AUM), to access mortgage facilities. In some cases, the bank will want to ensure your financial profile and objectives align with their banking ethos before onboarding you as a client.

At Enness we work with a vast and varied network of UK and international private banks that offer mortgages for high-value property purchases, refinancing or bespoke lending scenarios. Our established reputation, relationships, insider knowledge grant us access to lenders that are otherwise closed or limited to select individuals. Additionally, we can help you navigate eligiblity requirements for various private banks, such as understanding what each lender looks for. 

Private bank mortgages usually involve a personalised and confidential application process tailored to high-net-worth individuals. The process usually begings with a one to one meeting with a private banker who will discuss your financial background, future plans and lending needs in detail. This will include a comprehensive review of your income, assets and overall financial profile. 

Some private bank lenders need a personal recommendation from an existing account holder whilst others have a minimum income or asset base needed to qualify. These criteria vary between lenders but ensure that mortgage solutions are aligned with your financial standing.

At Enness, we cut through the mystery and process to directly arrange market-leading private mortgages for our clients made possible through our market position, reputation and experience in this part of the market. This ensures that you are able to secure the best private mortgage solutions tailored to your unique financial needs. 

AUM (assets under management) is a core part of the private banking world and is often a prerequisite to securing the best possible mortgage terms.

Some private banks require a minimum amount of assets to be invested or managed with them as part of the mortgage agreement. On the other hand, some require a percentage of the new private mortgage to be placed with them either as custody assets or managed investments. In some cases, a few private banks operate on the potential of a new client to bring potential future assets under management and of course, there are plenty of private banks who are happy to lend without requiring any AUM commitment. 

At Enness, we understand that as with everything else, the amount of AUM needed is often fully negotiable and can be structured in lots of different ways. This personalised approach helps to source the best private bank mortgage opportunities for you.