Morrison Ward Associates High Net Worth Mortgage Services
Tailored solutions for high net worth individuals
- Access to private mortgage lenders
- Complex income mortgages a specialty
- Flexible affordability available
- Bespoke service for every client
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High Net Worth Mortgage Brokers Offering A Premium Service
High net worth individuals like you often find that their requirements fall outside the scope of the standard mortgage market and traditional mortgage advisers. Complex income structures, multiple income streams and global assets can make it more challenging to identify the most appropriate lenders and mortgage rates for high net worth clients. At Morrison Ward Associates, we understand the nuances involved in structuring this type of lending. We specialise in working closely with affluent clients to understand their individual circumstances and structure lending around their specific needs and requirements.
We look at your unique financial circumstances to form a comprehensive picture of your wealth. This allows our high net worth mortgage advisers to present your circumstances clearly and accurately to the private lenders and specialist high net worth mortgage lenders we have access to. If you are looking for a truly personal and discreet service from specialist high net worth mortgage advisers who put your best interests at the heart of every decision, speak to Morrison Ward Associates.
Who are high net worth individuals (HNWI)?
The Financial Conduct Authority (FCA) defines HNWI, in relation to mortgage customers, as individuals who satisfy at least one of the following criteria.
- Individuals with an annual net income of no less than £300,000
- Individuals with net assets of no less than £3,000,000
When these criteria are met, lenders may be able to offer more tailored mortgage solutions, including higher value loans and greater flexibility around affordability criteria. Lenders offering these types of high value mortgages will often prefer applicants to hold a proportion of their assets in liquid form.
While high net worth has this specific meaning in the context of FCA regulations, our expertise in this area means we can help a wide range of clients with high or complex incomes, or those looking to purchase a higher-value property. Whether or not you meet the criteria of an HNWI, if you are looking for specialist mortgage advice and a genuinely personal service, our experienced advisers can help so contact us today.
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What are high net worth mortgages?
HNW mortgages are available to clients who fit the profile of a high-net-worth individual described above. These mortgages are often structured differently from standard lending, so it can be valuable to work with an experienced brokerage such as Morrison Ward Associates, with a proven understanding of HNW lending and experience securing mortgages for high-value property purchases.
These mortgages can accommodate HNWIs with non-standard sources of income, such as dividends and bonuses, as well as more complex income streams such as trusts. They can also be suitable for clients with significant assets.
It may be possible for high-net-worth individuals to secure a mortgage through a high-street lender and at Morrison Ward Associates we have access to products from these lenders. , However, more often than not, high-net-worth lending is accessed through private banks and specialist lenders. This type of mortgage often involves a more personalised service; something we excel in, together with greater flexibility around repayment options.
What can I use a HNW mortgage for?
The short answer is that a high-value mortgage can be used for any type of property you would normally finance with a standard mortgage. In reality however, there are certain types of property purchases where high-net-worth mortgages tend to be more commonly used. Prime property purchases generally require buyers to secure substantial mortgages. Mainstream lenders may apply more restrictive loan-to-value limits to higher-value properties, which can make it more difficult to secure the level of borrowing required.
Specialist HNW mortgages take a more tailored approach and may provide greater flexibility for high-value borrowing, including substantial or ‘mega’ mortgages.
High-net-worth mortgages may also be used to build buy-to-let property portfolios or to finance the purchase of second homes.
Your HNW finance options
When you come to Morrison Ward Associates for high-net-worth mortgage advice, we will carefully assess your situation to determine which option is most appropriate for you. Options may include:
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Interest-only mortgages
High-value interest-only mortgages can be an attractive option as they tend to have lower monthly repayments, helping to maximize cash flow and free up capital for other investments. They may also allow flexible lump-sum payments, which can be particularly beneficial for borrowers who receive bonuses. The repayment strategy for this type of mortgage can also be incorporated into the client’s wider financial planning, helping to align the mortgage with their broader financial objectives.
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High loan-to-value mortgages
When you’re looking to buy a higher-value property, you may find that borrowing more than around 80% of the property value can be challenging. Working with Morrison Ward Associates can give you access to lenders and mortgage products that may offer higher LTVs than would otherwise be available to you.
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Mortgages without Assets Under Management (AUM)
Historically, some high-value mortgages required borrowers to place assets equivalent to a percentage of the loan amount under the management of the lender. Today, it may be possible for some clients to secure a mortgage without this requirement, based on their overall wealth profile. Our advisers can help you understand these arrangements and identify the options that may be available to you.
Enter the world of high net worth mortgages with Morrison Ward
At Morrison Ward Associates we understand the complexities of this specialist market. We work closely with lenders to leverage the high-net-worth mortgage exemption, where applicable, which can allow standard affordability criteria to be applied differently. We know how to present your asset portfolio, income and overall financial position clearly and effectively, helping lenders accurately assess your suitability for the mortgage products available to you. With specialist experience in high-net-worth lending, Morrison Ward Associates can provide the expertise and personal service you need as you take this important next step in your financial journey.