Private Mortgage Case Studies & Articles
Location: London, UK
Value: £4,930,000
11th April 2022
£4.9 Million Private Bank Mortgage for German National
Location: Cambridge, UK
Value: £2,415,000
What is a Private Bank Mortgage?
A private bank mortgage is a home loan offered by private banks, specifically designed for high-net-worth and ultra-high-net-worth individuals. These mortgages offer ultra-personalised solutions, typically from £1 million to tens of millions of pounds, and can feature high loan-to-value (LTV) ratios, with some cases reaching up to 100% LTV.
Key benefits include:
- Mortgages from £1 million to tens of millions
- High LTV options, up to 100% LTV
- Available to foreign nationals, expats, and non-UK residents
- Suitable for complex income and wealth scenarios
- HNW exemptions, pre-funded, rolled-up, and occasional-use exceptions
- Interest-only mortgage options
- Supports complex ownership structures (offshore/onshore trusts, limited companies, foundations, funds, etc.)
- Access to all private banks lending against UK real estate
- Independent, discreet, and responsive service
Talk to an Expert Now!
Private Bank Mortgage Experts
Enness brokers specialise in private bank mortgages, offering expert solutions for high-net-worth individuals. We help secure financing for complex scenarios, including multi-million-pound properties and clients from abroad.
Private Bank Mortgage FAQs
Do Private Banks Offer Better Mortgage Rates?
Private banks are often able to offer more competitive mortgage rates compared to high street lenders, but it’s not just about the interest rate. While many private banks aim to attract high-net-worth clients by providing lower rates, they also offer a range of additional benefits, such as personalised service, quicker application processes, and custom underwriting.
Unlike mainstream lenders, private banks are more adept at structuring flexible mortgage solutions to meet complex financial requirements. These can include higher loan-to-value (LTV) ratios, interest-only options, and buy-to-let arrangements, which are not commonly available through traditional banks.
To access the best rates, you’ll typically need to bring additional assets under management (AUM) or agree to move your banking relationship. In return, you’ll benefit from custom mortgage solutions and a high level of personal attention, providing a level of flexibility that goes beyond what most high street lenders can offer.
How do I qualify for a private bank mortgage?
Private banks typically cater to high-net-worth individuals (HNWIs). 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.
Which Private Banks Offer Mortgages
Many, but not all, private banks offer mortgages. Some reserve their lending capacity for their existing customers, some will need sight of a bigger relationship to enable a new mortgage to be advanced whilst others will need you to share the same ethos as the bank to open an account.
Enness are proud to work with a vast number of private banks from all over the world. Access and knowledge is vital.
How do Private Bank Mortgages Work?
Usually, a private bank mortgage application will involve a personal meeting with a banker, a full conversation on plans and background plus plenty of information on the borrower's income and assets.
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.
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.
Do Private Banks Need AUM for a Mortgage?
AUM (assets under management) is a core part of the private banking world and is often a prerequisite to securing the best possible terms.
Some private banks require a minimum amount to be invested with them; some require a percentage of the new private mortgage to be placed with them either as custody or to manage. A few private banks operate on the potential of a new client to bring assets and of course, there are plenty of private banks who are happy to lend without needing anything in return.
As with everything else, the amount of AUM needed is often fully negotiable and can be structured in lots of different ways.
What Are the Benefits of a Private Bank Mortgage?
Private banks can offer very low private mortgage interest rates, personalised mortgages and bespoke underwriting. They can also move very quickly and produce solutions high street mortgage lenders can't.
By looking at your entire situation, getting to know you as a person and taking the time to understand your plans, private banks offer tailored private mortgage solutions to international high net worth clients.
Need a Private Bank Mortgage?
Here's How Enness Can Help
We are proud of our private banking relationships and work hard to develop our position and access in this space.
There are a few private banks who only work with a tiny number of brokers and we are always in that set. In fact, some private banks refer their clients to Enness when they are unable to assist.
If you think a private bank mortgage would be beneficial speak to one of our team and let us navigate and negotiate on your behalf.
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