At Diamond Property Finance, we offer assistance to high-net-worth and ultra-high-net-worth clients through a variety of private banks.
Private banks often have more flexible lending criteria than traditional high street banks, which can be advantageous for those with complex financial situations or who require a larger loan amount. Private banks can also offer more personalised service and tailored mortgage products, including bespoke repayment structures and interest rates. Private banks can also provide additional services such as wealth management and investment advice, which can be beneficial for those looking to optimise their financial planning.
Overall, obtaining a mortgage from a private bank can provide a range of benefits for those with more complex financial situations or who require a personalised approach to their borrowing needs.
Private bank mortgages for HNWIs
In some cases, high net worth individuals (HNWI) may face restrictive and stringent eligibility criteria from high street lenders when financing luxury property. To overcome this, Diamond Property Finance work with an extensive panel of private banking lenders.
The benefits of private bank mortgages largely centre around the compelling proposition they offer, especially for those with complex circumstances looking for a large mortgage loan. Because the eligibility for a private bank mortgage is not preset, the underwriters assess applications on a case by case basis, therefore allowing for greater flexibility. Private bank mortgage rates may also be more favourable than mainstream alternatives and can be negotiated with a high loan-to-value (LTV) on a fixed rate, interest only or part-and-part basis.
Furthermore, some private bank mortgage lenders no longer require clients to place assets under management (AUM) with them, in a bid to build long lasting relationships. As high net worth mortgage experts, contact us today to see how we can help you secure a private bank mortgage.
FREQUENTLY ASKED QUESTIONS
Why should I consider a private bank mortgage?
Considering a private bank mortgage offers several advantages. Private banks provide bespoke and flexible mortgage solutions tailored to individual needs. They often offer more personalised services, taking into account non-traditional income sources and complex financial situations. Additionally, private banks may provide exclusive perks and benefits, enhancing the overall mortgage experience.
How do private bank mortgages work?
How long does a private mortgage take?
What are the benefits of securing a private bank mortgage?
Securing a private bank mortgage comes with several benefits:
– Personalisation: Private banks tailor mortgage solutions to individual financial situations.
– Flexibility: Private banks may offer more flexibility in terms, accommodating non-traditional income sources.
– Exclusive Perks: Borrowers may enjoy exclusive perks and benefits not offered by traditional lenders.
– Bespoke Solutions: Private banks create customised mortgage plans, addressing specific financial needs.
– Higher Loan Amounts: Private banks may consider higher loan amounts based on comprehensive financial evaluations.
