New brokerage Private Banker Finance has launched a mortgage club for high and ultra-high net worth clients. 

The firm — made up of former private bankers and mortgage brokers — says it offers accountants, independent financial advisers, estate agents and other brokers, access to its panel of more than 30 private banks and family offices, to secure home loans for these borrowers. 

It says that since the pandemic work locations have changed reducing the need for wealthy clients to live in, or near, city centres such as London, adding that “this area of the market, especially outside of the capital, has remained largely uncatered for”. 

It also pledges a no cross-sell guarantee for brokers, intermediaries and professionals. 

Private Banker Finance co-founder Rick Marshall says: “During our soft launch it became very apparent very quickly that clients who were looking to borrow £1m and above start to find their options limited quickly, this is commonly because their income streams and tax planning arrangements are complicated and incompatible with high street lenders appetite and systems.  

“There are plenty of options for those perfectly vanilla clients but for the individuals who slip through the criteria net via their sourcing systems, a broker or professional, may not have anywhere to direct that client to find a solution.” 

Marshall adds: “Private Banker Finance has a team of professional ex-private bankers and high net worth brokers who are here to assist with any queries or clients where a broker or introducer may not be able to find a suitable home.”