Mortgages over £1 million

For mortgage loans with amount exceeding £1 million, we
work with selected high street and private banks with
factoring in your circumstances and requirements on a
bespoke basis.

Over the last few years, the mortgage market has seen many banks and building societies start to turn their attention towards the lucrative returns from offering out high mortgage loans, and consequently have started to offer attractive interest rates to attract borrowers who are looking to take out mortgages over £1million.

Before you make the decision to commit to a large mortgage loan there are a number of factors that you should take into consideration.

Types of mortgages

There are different types of mortgage loans to suit your individual circumstances.

Fixed Rate Mortgage

With a fixed rate mortgage the interest rate remains the same throughout the period of the term. A fixed rate mortgage is often preferable as it gives you a sense of security knowing exactly how much your mortgage will cost you for a set period of time.

Variable Rate Mortgage

The interest rate on a variable rate mortgage is linked to the Bank of England’s Base rate, so if the Base rate changes, your mortgage rate will also change. As with fixed rate mortgages, trackers are available over different terms (most commonly two to five years).

Discount Mortgage

Discount mortgages differ to variable rate mortgages as the interest rate attached to the mortgage is not linked to the Bank of England’s Base rate. Instead, it's linked to the lenders standard variable rate (SVR). It's worth noting that a lender can change their SVR even if the Bank of England’s Base rate does not fluctuate.

Additional methods of borrowing:

There may also be additional methods of borrowing available to you, depending on your personal circumstances. If a first charge mortgage is not suitable for your situation, we can evaluate your personal circumstances and see if there is the potential for you to borrow using a second charge mortgage, secured loan or a further advance from a current lender.

Contact us for a free consultancy for most suitable option with tailoring to your personal situation. We offer guidance to help you find a high loan mortgage that fulfils your mortgage.