It has emerged that many wealthy homebuyers are currently being denied access to the best mortgage deals from high street lenders, despite exemptions to affordability rules that should allow them to borrow higher sums at greater loan-to-income ratios.

The Financial Conduct Authority imposed constraints on affordability for mortgage borrowers under the mortgage market review in  April 2014, but offered an exemption for “high net worth” individuals, which it defined as those with assets of more than £3m, or those earning more than £300,000 a year. However, nearly two years later, many high street lenders are failing to make use of that exemption.

As independent mortgage experts The Financial Planning Group offer our clients the very best deals currently available by lenders from across the whole industry – we are also able to secure a mortgage deal six months ahead of your current deal ending, which makes it possible for our clients to reserve the best rates – regardless of what the market does in that period.

To speak Steve Padgham about your property finance or mortgage requirements, please call him on 020 8614 4782, or e-mail

Click Here To Call Us Now