There is no doubt that there are more million pound mortgages today than ever before in tandem with a jump in the number of HNWIs. As the cost of UK property, especially London houses, continues to rise we will inevitably see even more multi-million pound mortgages in years to come. Thankfully, this is a market in which Enness is the leader, the go to adviser with access to an unparalleled panel of lenders who are highly active in this area. The fact we are not tied to any lenders means we are totally independent and able to create specific mortgage deals for specific scenarios.
Whether looking at a £1 million mortgage to acquire property in Monaco, London, Dubai or any other part of the world, you need to understand the criteria for these specialist mortgages. These are not traditional off-the-shelf, one size fits all financial packages and many need to be built from the ground up. Taking the various elements of your financial situation, including your country of residence residency, we can put together a mortgage deal built around you. We are extremely flexible in the mortgages that we create, taking in an array of different investments such as buy to let, residential and commercial properties.
There are many things to take into consideration when looking at multi-million pound mortgage deals. What is the maximum deposit you can raise? What would be your preferred mortgage term? What level of collateral is available to use as security?
When comparing million pound mortgage rates you need to be careful you are comparing apples with apples. Mortgages for HNWIs tend to be more flexible, focus on the different strengths of a customer’s finances and the individual characteristics of a specific property purchase. We can put together the most cost-effective structure whether you are looking at an interest only mortgage or repayment basis. These are decisions which will be based upon your own specific financial situation, plans for the future and short, medium and long term cash flow.
While we have an extremely strong presence in the UK, here at Enness we have a customer base which covers all four corners of the globe. Our strengths lay in the way in which we are able to structure straightforward or extremely complicated mortgage requirements. While many financial advisers will shy away from multi-million pound mortgages for expats, the self-employed and non-doms, this is our area of expertise. Our independent status means that we can pick and choose from lenders across the globe, cherry pick the best deals and create bespoke mortgage deals at the lowest rates.
Our in depth knowledge of the multi-million pound mortgage market means we can advise about the use of assets as collateral, help to clarify income streams and even utilise pension funds and stock portfolios. The greater the security you are able to offer multi-million pound mortgage lenders, the more preferential the interest rate or higher the LTV ratio. Unfortunately, many people tend to choose the stereotypical mortgage structure which may not best fit their scenario. Utilising assets and income to reduce finance costs is an area in which we excel and one which can significantly reduce your finance costs.
We have many strings to our bow when it comes to securing multi-million pound mortgages for clients. Our reputation and knowledge is unrivalled, we have contacts across the global lending sector and an ability to structure deals to suit even the most complicated scenarios. Many of our clients hold a range of overseas assets, exposure to currency risk and have a residency status which calls for a different approach – we step forward were others step back.
Our advisers have a wealth of experience, access to global markets and an independent status which ensures unbiased opinion. Does your situation call for a different funding structure? How can you utilise all of your assets and income to secure the lowest finance costs? We specialise in solutions to complex scenarios, so give us a call today for a no obligation discussion about your specific situation.