Related topic: High net worth

The Sharia'a-compliant finance provider has introduced a new pricing tier specifically designed for high net worth (HNW) clients.

The newly re-branded Afin HNW mortgage allows borrowers to include a wider variety of assets when assessing affordability.

The updates follow the recent Budget, which Investec says has delivered the policy certainty many high-net-worth borrowers were waiting for.

The Bank has also launched new five-year fixed rates starting from 5.69%.

The new mortgage proposition is designed for asset rich clients.

HNW clients may be able to borrow between 10% and 30% more.

Arrangement fees are now capped at £50,000 for owner-occupiers.

The majority of brokers regularly use specialist lenders to place complex cases.

HNWIs’ confidence in the economy falls to 48% from 84% six months ago.

Nine in 10 HNWIs say the current higher interest rate environment has impacted their lifestyle and financial planning.