Although high street banks now offer larger mortgages due to property prices increasing, clients that wish to secure such mortgages will find it easier through high net worth (HNW) brokers.
Magni Finance has built a strong foundation with several lenders in the UK who can offer mortgages worth over £1m for the right clients. Whether a client lives in the UK or abroad, we will help negotiate the best mortgage. As high net worth brokers that can access affordable and versatile mortgages, clients will even find that the most complex of financial cases can be resolved and managed by us.
To secure a larger mortgage loan with us, that is worth 1 million pounds or more, then clients will be required to first meet our minimum eligibility criteria. For example, with a high street lender, clients will generally need a 15% deposit and a minimum income of £150,000. However, HNWI (high net worth individuals) can potentially borrow 90-90% of LTV (loan to value) through private banks. Private banks require HNWI to have either a minimum income of £300,000 per year or have total assets of £3 million or more.
After getting in contact with us, a meeting will be arranged to discuss the client’s financial goals.
Regardless if a client’s source of income is non-standard, we can help access mortgages for over £1 million for clients permanently residing in the UK and abroad. At Magni Finance, our years of experience and case studies demonstrate how we will always find our clients, with our one-to-one services, the best bespoke mortgage product.