If you require a large mortgage of £1million-plus, you may be able to get this from a high-street lender but many have a cut-off point around £2m. For larger-value mortgages, the private banks usually provide the answer.
The private banks have more sophisticated underwriting, often tailoring product and rate to fit the individual. They usually want to establish a relationship with the borrower, whereby you transfer assets under management (AUM) to them, although not all private banks insist on this.
There are many private banks, some of which you may never have heard of. They all offer different lending solutions and target different clients, so if you need a mortgage from a private bank, you will need to go via a broker.
AWS Private Finance has plenty of experience in arranging high-value mortgages with the private banks, as well as high-street lenders. We can advise on the best lender to approach for your particular circumstances and how to structure your application.
