Fund Managers
While many fund managers receive big incomes, a large proportion of their earnings can come from different sources, such as varying salary, shares and bonuses (with some bonus income deferred over a number of years or paid in foreign currencies). This can prove problematic for some high street lenders who often don't understand how fund managers are remunerated.
Banks use affordability calculators to determine how much to lend and whether a client will be able to afford the monthly repayments. If your income fluctuates, you may find it challenging to secure the mortgage you need. Fund managers fall into a category of professionals who, despite their qualifications and earning potential, do not fit standard lending criteria. Consequently, they can struggle to secure the right mortgage for their needs. It can be a strange situation to command a high average annual income yet be fobbed off by high street mortgage advisers who consider you to be a risk.
At Taylor James Financial Services, our expert advisers are well equipped to help fund managers raise the funds they require if their monthly and annual incomes are not fixed. With our expertise and knowledge of this market, we can approach high street lenders who are happy to lend to fund managers and understand how they are paid. We can also assist in arranging mortgages for foreign national applicants of all nationalities, who may only have been in the United Kingdom for a very short time.
Bespoke underwriting
Mortgage lenders tend to pigeonhole borrowers. In simple terms, they classify individuals as either employed or self-employed and will assess them using traditional criteria.
However, in many cases, this rigid approach does not account for individual situations; one size does not fit all. At the branch level, you are unlikely to find underwriters who can deal with all the nuances of fund manager compensation structures.
We have close relationships with both high street and private banks that can offer you bespoke underwriting. Mortgage applications are reviewed on a case by case basis, ensuring fund managers are treated as individuals. The application is, therefore, not just another one on the pile to be subject to standard mortgage criteria.
Benefits of engaging Taylor James Financial Services
In general, mortgages are always going to be available to qualified professionals in an elite industry. The big question is whether a fund manager can borrow enough to purchase at the level they want.
Fortunately, there are solutions to all these challenges, which is where the assistance provided by Taylor James Financial Services comes into its own. Our experienced brokers fully understand the profession and have existing relationships with lenders who are familiar with the nature of your business, and will be able to:
Benefits of engaging Taylor James Financial Services (continued)
- Identify lenders with the most favourable terms for a fund manager in your situation.
- Secure the most suitable mortgage for your needs based on your specific circumstances and requirements.
- Compile all the required paperwork.
- Effectively present your record of earnings to match a lender's criteria.
- Manage the entire application process from start to finish and liaise with all of the relevant parties on your behalf. This saves you valuable time and allows you to focus on your day job
- Be your trusted adviser for all of your financial planning needs, including advising on your pensions, investments and all of the necessary protection policies. This helps ensure you and your family continue to maintain the standard of living you enjoy, even if your income were to stop, for whatever reason.
Call us today for a no obligation chat about planning your financial future.
Call: 0203 859 3320
Email: contact@taylorjamesfs.co.uk
Please note:
- Your home may be repossessed if you do not keep up repayments on your mortgage.
FAQs
Yes, we provide all of our financial advice and brokering services with the utmost confidentiality. Moreover, we protect your personal data to the highest standards. You can be sure of a professional service when you choose Taylor James.
Yes, our team have worked with High-Net-Worth Individuals on many occasions. This includes working for sportspeople, fund managers, barristers, medical professionals, investment bankers and other HNWIs.
Yes, our website lists the most common services provided, however we have team members who specialise in other and more niche areas of financial planning and advice. Do not hesitate to enquire about services that may not be listed online.
We are a long-standing financial advice provider first established in 2012. Our team are carefully selected based on their experiences and accreditations. All advisers use a client-centric approach that puts the individual at the heart of every decision to offer a truly bespoke service.
FAQs
Yes, we provide all of our financial advice and brokering services with the utmost confidentiality. Moreover, we protect your personal data to the highest standards. You can be sure of a professional service when you choose Taylor James.
Yes, our team have worked with High-Net-Worth Individuals on many occasions. This includes working for sportspeople, fund managers, barristers, medical professionals, investment bankers and other HNWIs.
Yes, our website lists the most common services provided, however we have team members who specialise in other and more niche areas of financial planning and advice. Do not hesitate to enquire about services that may not be listed online.
We are a long-standing financial advice provider first established in 2012. Our team are carefully selected based on their experiences and accreditations. All advisers use a client-centric approach that puts the individual at the heart of every decision to offer a truly bespoke service.