What is High Net Worth?
The FCA definition of high net worth is a customer with an annual net income of no less than £300,000 or net assets of no less than £3,000,000. Assets can include equity in residential property. Subject to compliance with regulatory requirements. Please note that an APRC is generated as part of the application process.
Our High Net Worth mortgages provide opportunities for individuals meeting the FCA’s definition of high net worth to release equity from their property for any legal purpose, using a second charge loan.