High Net Worth mortgages are more complex in nature than “standard” mortgage products. Because of this, many lenders in the UK will not have the knowledge nor experience with finding high net worth clients the necessary terms. Yet, luckily Magni Finance is able to help find the best terms, through our trusted network of lenders, for our clients.
One of the main differences between High Net Worth mortgages and mainstream loans is that HNW mortgage brokers take into account two key factors: flexibility and durability.
High net worth clients tend to vary by case, and each have their own unique financial situation. That is why Magni Finance’s network will usually prioritise and take the time to understand an individual’s situation – differing greatly again to high-street banks and lenders who usually have a “one size fits all” policy.
Instead of putting large amounts of money outright into a property, clients in the UK and overseas can now qualify for mortgages in ways that might be considered “unconventional” to mainstream lenders. For example, through offshore structures, trusts or perhaps even high-value vehicles which would not be accepted as forms of collateral by mainstream lenders.
Therefore, high net worth individuals nowadays can protect their assets, find the best mortgage terms all while investing their money in high-value properties and building stronger financial foundations long-term.