Mortgages without Assets Under Management USA

Non-AUM Mortgage

Historically, high-value property loans, typically over £1 million, were largely the domain of private banks, which required borrowers to place a portion of their assets under management (AUM) as a condition for lending. This approach, often referred to as an AUM mortgage, served as a form of collateral, providing lenders with confidence to approve substantial loans.

Today, the landscape has shifted. Increased competition and the entrance of new specialist lenders mean borrowers now have more options for high-net-worth clients. Many institutions are offering “dry lending” solutions, also known as mortgages without assets under management. Which allow high-net-worth clients, whether U.S. buyers financing property in Europe or international clients investing in the U.S. to secure significant mortgages without committing assets to the bank.

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Enness helps clients secure competitive mortgages without assets under management, whether you’re a U.S. buyer in Europe or an international client in the U.S.

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Understanding Mortgages Without Assets Under Management: FAQs

What Is Dry Lending?

Dry lending refers to mortgages without assets under management (AUM), allowing borroweres to secure high-value financing without transferring investments to the bank. Your existing assets, wherever they are held, are still considered for affordability and repayment calculations, but you aren’t obliged to transfer them. This option is ideal for self-employed clients, entrepreneurs, and other high-net-worth individuals who require while buying property in the U.S. or Europe.

Enness leverages relationships with over 500 lenders, including commercial, challenger, and private banks, to negotiate high-value dry lending, ensuring you get the most competitive terms possible.

Securing a Mortgage Without Assets Under Management

With a mortgage without AUM, lenders evaluate your overall financial position, including business income, investments and other assets. Dry lending has become more accessible since 2007, thanks to Enness’ extensive network of commercial, challenger, and private banks that regularly provide high-value mortgages without requiring assets under management (AUM).

However, dry lending isn’t suitable for everyone. Lenders still expect borrowers to hold significant, often liquid, assets that demonstrate the ability to repay the mortgage. Your financial profile, background, and risk factors associated with the property purchase will all be carefully assessed.

Presentation matters. While approaching lenders directly can work, most prefer introductions through experienced brokers like Enness. We know which lenders are open to dry lending and how to present your case to secure the best terms.

Borrowers can leverage stock portfolios, property assets, and other collateral to access favorable interest rates and repayment options without moving assets under management. Every high-value loan is unique, and Enness structures financing to suit your individual circumstances, ensuring your mortgage solution perfectly meets your needs.

How Banks Use Managed Assets

Banks typically require assets under management (AUM) to provide a level of security and demonstrate your financial standing. You generally have two options:

Advisory Mandate: The bank provides guidance on investment choices, but you are responsible for making the final decisions.
Discretionary Mandate: The bank manages a pre-designed portfolio aligned with your risk appetite, making investment decisions on your behalf.

Through AUM, banks can offer a range of financial services, including structured products, access to specialized funds, and diversified investment strategies, all of which can add significant value to your portfolio while supporting your mortgage arrangements.

Why Do Some Banks Require Assets Under Management?

Historically, when banks required AUM, the process and calculations were straightforward. For instance, a $1 million mortgage would typically require at least $250,000 in managed assets with the bank. This provided lenders with security in case of financial difficulties and ensured a safety net.

Private banks also utilize AUM requirements to establish long-term relationships with high-net-worth and ultra-high-net-worth clients, offering a comprehensive suite of wealth management services.

With increased competition from commercial banks now offering million-dollar-plus mortgages, private banks have become more flexible, making high-value lending without AUM increasingly possible.

Contact Enness

Enness leverages competition between lenders to secure the best mortgage terms for you, regardless of the loan size. Our experts can guide you through your options for mortgages without AUM, with no obligation to proceed.

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