We are million pound plus mortgage experts

Million pound mortgage

Million Pound Mortgage Experts

We are experts in securing million pound plus mortgages for our clients. We know which banks lend, who the top underwriters are, how to access the best possible million pound mortgage rates and how to precisely prepare an application to secure an offer in the fastest possible time. 

Million pound mortgage rates

There UK mortgage market is ultra fragmented and finding the mortgage lender who will offer you the cheapest mortgage, at the lowest rate and in the fastest possible time can be challenging. We know the market inside out and have the majority of the key decision makers at the key banks on whatsapp for instant communication.

As a guide, you should expect the following:

  • Prime residential million pound mortgage rates from high street lenders – 1-2% per annum
  • Million pound mortgages from Private banks with assets under management – 1.5-2% per annum
  • Million pound plus mortgages without assets under management – 1.8-2.5% per annum
  • Specialist million pound plus residential mortgages (pre-paid/self employed and so on) 2.5-3.5% per annum
  • Million pound plus buy to let mortgages – 2-4% per annum
  • Specialist million pound plus buy to let mortgages = 3=5% per annum
  • Million pound plus bridging finance – 2-20% per annum!
At this level, almost everything is bespoke, individually negotiated and the terms will be dependent on your income, asset level, loan to value, mortgage type and your background.
We work on your side and will do everything we can to find the best possible terms based on your circumstances. 

 

Million pound plus residential mortgages

This is one of the most competitive parts of the UK mortgage market. There are alot of lenders in this space and many of them have specialist departments set up with £1m plus lending requests. Lenders range from high-street banks (like Barclays and Halifax) through to specialist lenders, discrete private banks and international powerhouses.

Here you will find bespoke underwriting, flexible terms, very keen pricing and much more flexibility than lover value mortgages. 

Some banks will offer terms based on your circumstances in the same way as they would for any other mortgage, some will require assets under management or a special account to be opened as part of the process. Others will use little known rules to increase leverage.

We work with every bank and can give complete market oversight to ensure we approach the best bank for you.

Buy to let mortgages over one million pounds

The buy to let market gets tricky when the loan amount requested exceeds £1m. At this level you would expect more complicated properties, more complex ownership structures, rental yields that don’t tick the boxes and borrowers with more complex affairs. No suprising really that securing a buy to let mortgage over one million pound is a bit more complex.
 
However, there are some great lenders who are more than comfortable at this level and its not uncommon to see great finance packages being offered. 
 
Here techniques such as pre-paid interest, earned income top up, additional security and underwriting the borrower rather than the asset are key. 

Million Pound Plus Bridging Finance

This is a fact growing part of the mortgage market and is vital to many a transaction. Lenders are bespoke, come from every quarter and take wholly different approaches. Here you will see International private banks, hedge funds, private individuals and specialist lenders competing to secure the best lending opportunities. 
 
We have secured bridging finance from £50,000 all the way to £80,000,000 secured against a range of assets for a diverse set of borrowers. We were one of the pioneers in this market and have secured terms for even the most challenging circumstances.
 

Structuring mortgages over £1 million

Whilst parts of of the market run a computer based underwriting basis for all mortgages over £1m, others are much more traditional in their approach and manual in their underwriting.

Either way, precision, accuracy, negotiation and timing are vital to any application and having someone on your side to help navigate will make all the difference. 

Underwriting centres around 3 pillars. How you plan to service the interest, how you intend to pay bank the mortgage and how much you can personally contribute to the purchase price. Servicability, repayment and deposit. 

We will help by finding the correct lenders, shaping your application to precisely meet lending criteria, assimilate all supporting documents, negotiate hard on your behalf and the manage the whole transaction to completion.

 

Call us +44 (0) 203 758 9393 or submit your details and a broker will get in touch.

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