Sometimes, but not always. Private banks vary in how strongly they link mortgage approval and pricing to a wider banking relationship. In some cases, moving assets under management is a core part of the proposition; in others, it is encouraged but not mandatory. The important point is to treat this as a commercial decision, not just a mortgage decision.
Private banks may ask you to:
- Maintain a minimum level of investable assets with them
- Move part of your portfolio under their management
- Use their current account or wider banking services
The trade-off can be worthwhile if it improves pricing, underwriting flexibility, or service. However, you should always look at the total cost, including investment management fees and any conditions that apply over time. It is also wise to ask what happens if you later move assets away: will the mortgage pricing change, or could the relationship be reviewed?
Many high net worth borrowers can obtain strong outcomes through specialist or mainstream lenders without moving investments. The best approach is to compare the private bank offer against alternatives using your exact objectives: rate, flexibility, speed, privacy, interest-only options, and the overall cost of the relationship.
Hearthstone Mortgages (trading name of Hearthstone Advisory Limited)
Tel: 01753 463391 | Email: enquiries@hearthstonemortgages.co.uk
Registered office: Europa House, Marsham Way, Gerrards Cross, Buckinghamshire, SL9 8BQ
Company No: 10563329 | FCA FRN: 945282
Warnings:
THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME OR PROPERTY.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
We are a credit broker, not a lender. We may receive commissions that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.