UK Mortgages for HNW, Complex and International Borrowers

Although economic indicators and confidence levels appear to be improving, I’ve noticed that raising finance is increasingly challenging for many. This is largely due to a hugely fragmented market and rigid lending processes. Borrowing against UK real estate is however still very much achievable, but this context does mean, perhaps more than ever, that expertise and experience are crucial for securing the best outcomes.

With this in mind, here is an email focused on uncovering the broad range of solutions available for the wealthy and entrepreneurial borrowers, both in the UK and overseas, based on UK residential property - many of which may not be widely known or understood.

?Best

?Islay

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UK Mortgages for Wealthy and International Borrowers

Some Nice-to-Know Facts:

- If you are a HNW it is possible to borrow up to 85% LTV at levels up to and exceeding ￡10m if your income, assets and profile are at the level needed. Usually this would be 75% interest only and then annual capital reductions to get the loan amount to 75% loan to value within 5 years

- There are lots of lenders who will offer a tracker mortgage now and then let you move to a fixed rate at any time, often with only a small fee payable - a great way to navigate falling interest rates

- If you have a strong net asset base you don't always have to show income at a level to support the mortgage - your assets may be enough. Property, portfolios and business assets may all be included

- If you own a business, some lenders will base their income calculations on your share of the business’s net profit, plus your salary, rather than your personal taxable income

- High street mortgage lenders can offer mortgages up to ￡5m on normal terms - that's where the cheapest borrowing often exists

- There are a huge number of lenders who will offer mortgage terms to non-UK nationals, non-UK residents and British expats, even those without a UK address or credit footprint in the UK

- There are lots of lenders who will lend "dry" -i.e. will not need or ask for assets to be placed with them as part of the transaction

- If your rental income on a buy to let property is not enough for the loan you need some lenders will look at your personal income in addition to the rental income

- Second charge residential mortgages are available to 90% loan to value (or more for some clients) from lots of lenders. Not cheap but a useful tool in some circumstances, especially when the current first charge mortgage is on a low interest rate or is expensive to repay

- Some private banks and specialist lenders will offer one loan secured against a portfolio of buy to let properties. This gives lots of advantages including blended rates, lower fees, synchronised end data and a frictionless way to expand your portfolio

- Refinancing from one lender to another is very common, and is easily done, both to improve lending terms or to release equity?

Easier To Talk

Even with recent technological advances its often faster and better to start by arranging a conversation, so as ever please feel free to message me if you need any assistance or simply want to catch up.

You can send me a WhatsApp here https://wa.me/message/TI7YLAQ5U7Z7L1

Or my phone number is +447944716816