Private Banks - Convici Capital

Private Banks

When it comes to higher value mortgages, typically with a minimum loan amount of £1m, private banks offer a range of distinct advantages tailored to the unique financial needs and preferences of high net worth individuals. These institutions can offer bespoke solutions for complex situations.

Private banks typically offer a higher degree of flexibility in mortgage structuring, enabling borrowers to customize terms, repayment schedules, and even collateral options to align with their intricate financial portfolios and long-term wealth management goals.

LTVs offered by private banks, when secured on a single real estate asset, are often limited to 75%. If the borrower were to place financial assets with the private bank, usually in the form of cash or a portfolio of investments, there is often scope to increase the value of the security and a higher loan amount can
be achieved.

Dependant on the borrower’s individual circumstances, there may be the option to choose an interest only product, meaning that only the interest element of the mortgage is serviced, with the capital amount borrowed being repaid in full at the end of the term. This gives additional flexibility and reduces the monthly mortgage payment.

According to the UK’s Financial Conduct Authority a high net worth individual is someone who either earns more than £300,000 per annum or has net assets of more than £3,000,000. This is the criteria that a borrower must meet in order to secure a private bank mortgage.

Explore our other financing options.

For individuals looking to purchase a home, investors seeking opportunities, or self-employed professionals, we diligently seek out optimal financing solutions tailored to match your distinct needs.

Speak to our team today.

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