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London

UK Mortgages

The United Kingdom boasts a diverse array of lenders, ranging from local building societies to globally renowned banks in London’s financial hub. Fortier offers an efficient method to connect with top domestic and international lenders tailored to meet various financial needs.

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UK Mortgages

The United Kingdom boasts a diverse array of lenders, ranging from local building societies to globally renowned banks in London’s financial hub. Fortier offers an efficient method to connect with top domestic and international lenders tailored to meet various financial needs.

Get in touch

Mortgages in London

KNOWLEDGE AND EXPERTISE

Fortier is acknowledged as a reputable facilitator for high net worth individuals and expatriates seeking financing solutions in the United Kingdom. The distinctive financial challenges faced by these individuals, such as the complexities of securing cross-border mortgages, are met with our expertise, ensuring tailored solutions that address the unique needs and intricacies associated with international mobility.

Fortier stands out in crafting specialised mortgage offerings that cater to the discerning clientele, aligning seamlessly with their distinctive requirements and aspirations.

HNW & Expatriate Mortgage Market

The mortgage market in London is globally recognised for its sophistication, offering a wide range of mortgage products to cater to diverse needs and preferences. The city’s mortgage market reflects its status as a financial hub, and various lenders provide innovative and flexible solutions.

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How we can help

Expatriate Mortgage

An expatriate mortgage in the United Kingdom is a tailored solution for those who lack citizenship, permanent residency status, and earn income from a foreign source.

Mortgage range: £1,000,000 +

Loan to value (LTV).

  • Up to 90% LTV (base case scenario)
  • Up to 70% LTV for European & Schengen Countries

Most expatriate mortgages are around 75% LTV with a wide range of lending options available (interest only included).

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Mortgage Guidance

Key Considerations

Mortgage capacity
Mortgage capacity reflects the borrower(s) debt to income ratio and prudent assessment of meeting contractual outgoings.
Proof of income
• Proof of income over a 2-year period (tax returns, employment contract, pay slips etc)
Good standing letter
Good standing letter with existing financial institutions if the overseas client has no credit history in the U.K.
Deposit required
Deposit required will depend on a variety of factors including residency status, employment stability and lenders’ policies upon application.
Translation of documents
Translation of documents and authenticated to support credit risk procedures if in a foreign language.
Holding structure of property
Holding structure of property – personal name or UK SPV (discuss with broker for other structures)

Private Banks

The majority of private banks typically offer loans with a loan-to-value (LTV) ratio ranging from 60-65%, and for exceptional clients, some may extend it to 85%. While assets under management (AUM) may not always be mandatory, if required, they can vary from a fixed £500,000 to up to 30% of the loan amount. This condition is commonly imposed in instances where the client has a notably intricate financial profile or is seeking to enhance the interest rate.

PRIVATE BANKING MORTGAGE

Private banks have the capability to provide highly competitive interest rates, tailored offerings, and fast underwriting processes. Their ability to act swiftly enables them to deliver solutions that may surpass the responsiveness of traditional high street mortgage lenders.

Mortgage range: £1,000,000 +

Loan to value (LTV).

  • Up to 85% LTV (exceptional borrowers).
  • Between 60% – 70% LTV (majority of applicants).

Most expatriate mortgages are around 75% LTV with a wide range of lending options available (interest only included).

Get in touch
Mortgage Guidance

Key Considerations

Minimum income
Minimum income required to qualify for a private bank starts at around £300,000.
Complex income
Complex income can be considered by a private banks with a sophisticated approach to mortgage lending for HNWI’s and entrepreneurs.
Flexible repayment
Flexible repayment solutions available to cater for wealthy individual needs and aspirations. This can be a blend of interest only and partial amortization of loan facility.
Wider relationship
Wider relationship will need to be discussed outside of the mortgage facility to ensure a bespoke financing arrangement.
Deposit required
Deposit required will depend on a variety of factors including residency status, employment stability and lenders’ policies upon application.
Recommendation only
Recommendation only for certain private banks. This can be from an existing client or trusted mortgage advisor.
Assets under management (AUM)
Assets under management (AUM) is often associated with a new relationship but is always negotiable and can be structured to satisfy both parties.