High net worth individuals are those considered to have accumulated or acquired considerable wealth. Many of these individuals will find that ‘off the shelf’ mainstream mortgage products are not suitable or appropriate for their circumstances. Instead, they will need something more bespoke, such as the flexibility offered by a high net worth mortgage.

According to the UK’s Financial Conduct Authority (FCA), you meet the criteria for a high net worth mortgage if you have a personal income of more than £300,000 a year or if you have liquid assets of more than £3,000,000. These assets can include a variety of investments, as well as equity built up in residential property. Such individuals will generally benefit from a more tailored and personalised underwriting process and mortgage product. [Read more…]