Private bank dry lend mortgages

by Aaron Strutt

Jan 05 2015

Trinity use private banks to arrange mortgages for wealthier clients looking for a mortgage to be structured to suit their needs.

This is increasingly in the form of ‘dry lending’ where assets do not need to be transferred to banks in order to secure a mortgage.

To qualify for a private bank mortgage, clients are often expected to provide up to 50% of the loan amount in assets for them to manage.

Aaron Strutt, product manager at Trinity Financial, says: “In many cases our clients are happy to transfer assets to the bank, especially if they want a better return on their investments.

“Although for those who are happy with their current asset management, there is often a opportunity to borrow through a high street bank.

“At the moment we have access to one high-street lender providing fixed and tracker rate mortgages between £500,000 and £3m at incredibly low rates. They also have £1,999 arrangement fees.”

During the financial downturn private banks were often the only lenders regularly offering £1m plus mortgages. But now that there is more competition across the market it is not always necessary to speak a private bank to secure a large mortgage loan. 

Trinity use private banks when clients have complex income structures or they receive money through a trust or investment portfolio.

If you would like help to secure a dry lend mortgage call us on 020 7016 0790. We offer a discrete and efficient service.