Strive Mortgages is a specialist mortgage broker for private banks. We secure mortgages for high-net-worth individuals seeking large and complex loans. We have access to a wide range of private banks and have helped clients from various scenarios achieve their property aspirations.
– High LTV lending up to 95% LTV, or in some cases, 100%
– High loan-to-income ratio options available
– Personalised bespoke finance solutions
– Large loans lending, from £500,000 to tens of millions
– Catering to complex income scenarios
– Residential, commercial & investment scenarios
– Available to high-net-worth individuals
– Short-term bridging finance options available
-Cross securitisation of assets
– Interest-only options available
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Why Consider A Private Bank Mortgage?
Private banks offer personalised and bespoke finance solutions tailored to meet the unique needs of high-net-worth individuals. They provide high loan-to-value (LTV) lending options, sometimes up to 95% or even 100% in certain cases. Private banks also offer high loan-to-income ratio options, making it possible to secure larger loans. These banks cater to complex income scenarios and provide financing for both residential and investment properties. Additionally, private banks offer short-term bridging finance and interest-only options, which can be advantageous for managing cash flow and investment strategies. Their services are particularly beneficial for those seeking large loans, from £500,000 to tens of millions, ensuring a comprehensive and flexible approach to mortgage lending.
What Are the Benefits of a Private Bank Mortgage?
Private bank mortgages can offer lower rates than mainstream lenders and have the flexibility to move quickly when required. They provide bespoke solutions and take a common-sense approach, looking at your wealth, situation, and portfolio. Unlike mainstream lenders, which offer off-the-shelf products not equipped to deal with high-net-worth clients, private banks tailor their services to meet the unique needs of affluent individuals.
How Do Private Bank Mortgages Work?
Private bank mortgages require you to be referred via a mortgage broker like Strive Mortgages. These mortgages can require thorough checks and a deep understanding of your circumstances, which can take longer to arrange than a standard mortgage due to their complex nature. Therefore, it’s important to work with a specialist mortgage broker for private bank mortgages to ensure you are placed with the right lender and avoid multiple meetings.
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Private Bank Mortgage Rates
While interest rates are an important factor in securing a private bank mortgage because they can offer low rates, there’s a lot more to consider. The flexibility and bespoke underwriting provided by private banks can ensure you get the right outcome and potentially borrow on significantly better terms than mainstream lenders. Additionally, turnaround times can be significantly quicker with private banks, offering a more efficient and personalised lending process.
Which private banks offer Mortgages?
While most private banks offer private mortgages, some are reserved for existing customers, while others consider lending to the open marketplace. Some private banks may open their books depending on their market position at the time.
How Do I Qualify for a Private Bank Mortgage?
To qualify for a private bank mortgage, you typically need to meet certain criteria. Generally, you need to qualify as a high net worth individual, with an income of at least £300,000 or assets totalling £3 million. While most private banks require a mortgage amount of at least £1 million, some may consider loans starting from £500,000. Additionally, some private banks may require you to move assets over to them to secure the lowest rates or agree on the best terms.
Strive, Specialist private bank mortgage broker
Strive Mortgages is a specialist mortgage broker for private banks. We secure mortgages for high-net-worth individuals seeking large and complex loans. We have access to a wide range of private banks and have helped clients from various scenarios achieve their property aspirations. Collectively, we have decades of experience helping clients obtain private bank mortgage finance. If you’re interested in exploring private bank mortgage finance, please get in touch and one of our expert brokers will be on hand to help.
Contact us today, and we’ll work hard on your behalf to find you a competitive mortgage.
For more information on mortgages for contractors, please contact a member of the Strive team, by emailing [email protected] or call us on 01273 002697.
