With a background in Private Banking and managing a portfolio of wealthy clients we understand the complexities that borrowing larger sums can bring. Often income can be from overseas, heavily reliant on bonuses, drawn in a tax efficient manner or maybe from a number of different sources. Many believe that Retail Banks do not have the appetite for high value mortgages or are able to understand complex income structures, the truth is that they do, you just need to understand it as an advisor and have the right contact at the right bank.
We will always try to match you with a retail lender or maybe even a challenger bank that may have a manual approach to underwriting, as this can often mean lower set up costs, sometimes free legal and valuations for re-mortgages and usually a better selection of products. If that is not possible then we have contacts at a number of UK and offshore Private Banks that are very much open for business.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.