Afin Bank has launched Afin Premier, a mortgage range designed particularly for High Net Worth clients.
The providing permits debtors to incorporate property together with pensions, investments, property portfolios, high-quality artwork, and traditional vehicles when assessing mortgage affordability.
The lender says the brand new providing is aimed toward “asset wealthy, earnings gentle” prospects who might not meet conventional income-based standards for giant loans.
The mortgages within the new range are all individually underwritten.
Historically, the sort of lending has been dominated by non-public banks, however Afin Premier will likely be accessible by way of all the lender’s middleman companions.
Afin Bank enterprise improvement director Tippie Malgwi (pictured), who joined the lender at the beginning of this month, says: “Standard mortgage methodology understandably focuses on earnings, however for many High Net Worth clients their affordability lies of their property. Afin Premier supplies a extra tailor-made method than the automated processes usually utilized in mainstream lending.”
Afin Premier is out there throughout Afin’s full residential mortgage range — together with first-time purchaser, house mover, and remortgage merchandise — for properties in England and Wales, for fixed-rate or versatile tracker mortgages.
Afin Bank chief industrial officer Alan Davison says: “The variety of clients who fall into the High Net Worth class is rising yearly, however their mortgage choices stay restricted. Many don’t need to swap to personal banks. Afin Premier provides brokers a brand new possibility for these prospects.”
