Afin Bank has introduced Afin Premier, a mortgage range designed specifically for High Net Worth clients.

The offering allows borrowers to include assets including pensions, investments, property portfolios, fine art, and classic cars when assessing mortgage affordability.

The lender says the new offering is aimed at “asset rich, income light” customers who may not meet traditional income-based criteria for large loans.

The mortgages in the new range are all individually underwritten.

Historically, this type of lending has been dominated by private banks, but Afin Premier will be accessible through all of the lender’s intermediary partners.

Afin Bank business development director Tippie Malgwi (pictured), who joined the lender at the start of this month, says: “Standard mortgage methodology understandably focuses on income, but for many High Net Worth clients their affordability lies in their assets. Afin Premier provides a more tailored approach than the automated processes typically used in mainstream lending.”

Afin Premier is available across Afin’s full residential mortgage range — including first-time buyer, home mover, and remortgage products — for properties in England and Wales, for fixed-rate or flexible tracker mortgages.

Afin Bank chief commercial officer Alan Davidson says: “The number of clients who fall into the High Net Worth category is growing every year, but their mortgage options remain limited. Many don’t want to switch to private banks. Afin Premier gives brokers a new option for these customers.”