Departing non-doms reinvigorating the HNW mortgage market
Original Article Summary
There’s been an influx of mortgages issued worth more than £5 million, driven by non-doms departing from the UK. In 2024 there were £3bn worth of mortgages at the £5m+ mark, a 22% increase on the previous year, according to analysis from chartered accountancy firm Lubbock Fine Non-doms are being replaced by wealthy UK residents […] The post Departing non-doms reinvigorating the HNW mortgage market appeared first on PropertyWire.
PropMatch Curated Analysis
Non-dom departures due to April 2025 tax changes have increased prime property supply, with wealthy UK residents using mortgages (not cash) to purchase £5m+ properties, driving a 22% increase in high-value lending. Many departing non-doms are retaining properties as rental investments.
Investor Relevance
Signals increased prime property supply and rental opportunities as non-doms retain properties for letting. Demonstrates strong mortgage availability for high-value purchases and confirms prime London property's appeal as a stable investment to both domestic and international investors.
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