Many High Street banks are now offering preferable mortgage borrowing terms to their most wealthy clients. Lloyds Banking Group, Royal Bank of Scotland and Barclays are providing improved terms, such as lower rates and flexible lending criteria, to encourage the growth of their mortgage business with high net worth clients .

Although, over the last couple of years, mortgage providers have avoided those sectors of the market now considered to have increased risk, such as first-time buyers, sub-prime mortgages, large loans and buy-to-let, with the economy now more stable, larger lenders are binning this strategy in a bid to attract high earning customers.

Lloyds, for instance, has recently decreased interest rates charges on fixed-rate mortgage deals for its Cheltenham and Gloucester customers that are borrowing more than 1 million pounds, and for mortgages between 1 and 2 million pounds its two-year fixed rate is down to nearly 4 per cent, from 5.29 per cent. However, this is dependent on buyers putting forward a 40 per cent deposit, making it more accessible for those with sufficient funds.

RBS are also making moves to attract more deals through it private division in a bid to build its business and hit lending targets that have been agreed with the government. With improved margins and greater optimism, banks once again have the funds to lend, and they are following the money.