Million Pound Mortgage Broker - Independent Advice for High-Value Properties
Arranging a mortgage of £1 million or more is a different process to a standard residential application. Lenders assess income differently, underwriting is more detailed, and the right private bank can make a significant difference to the terms you receive. As independent, whole-of-market brokers with direct access to private banks and specialist high-value lenders, we handle the entire process, discreetly, efficiently and at no broker fee to you.
Whether your income includes large bonuses, dividends, retained profits or foreign currency earnings, we have the lender relationships and the experience to present your case in the strongest possible light.
If you are looking to build your bespoke self-build home, we can help you.
Our high-net-worth clients want the stress removed as they have enough pressure in their professional lives! Thankfully, we do this really well. Simply complete the form or call us in confidence, and we can do the rest.
If you want a personalised illustration without any fuss then complete our instant mortgage quote form here
What Makes Us Unique
- We will never charge a broker fee
- Whole of market advice
- Access to exclusive rates often not available on the high street
- Immediate appointments available
- Use us online via Teams or over the phone
- At times which will suit you
- Hassle-free and stress-free
- Completely confidential service
- Happy to deal with Personal Assistants saving you time
Wondering what the right decision is? Rely on us
Specialist mortgages can feel difficult to navigate, and that’s why it’s good to lean on an expert. Our team has decades of knowledge that you can tap into. Call us on 020 8528 2251 or email hello@conranmortgages.co.uk. You can complete our form for a call back.
How do I qualify for a million pound mortgage?
A lender will want to know that this sort of mortgage advance is affordable and that you have the ability to make repayments over the medium to long term. Therefore, income is essential.
Typically, a lender will accept your UK income which may include basic salary, regular bonuses, dividend income etc. Some of our clients, such as Oil Brokers, are paid in US$, which makes things more complex, and this is where having Private Banking Mortgage solutions will help our clients.
As the mortgage is of a vast amount, Senior Underwriters are likely to have to sign this off; therefore, a decent deposit helps. Whilst lenders may grant 90% LTV mortgages, you will get better rates at 75% or even 60%. This would also increase the probability of getting the mortgage signed off.
To service a £1m mortgage, you will need an income of £200k upwards.
Do million pound mortgages get better interest rates?
Realistically, it will be the same as what a lender will offer a borrower looking for half that amount. There is a greater risk for a lender lending one person £1m than four people £250k, so there is no incentive for them to offer reduced rates for this pool of buyers.
Can I get an interest-only mortgage on a £1m+ property?
Since 2007, mortgage lenders have wanted clients to be on repayment mortgages as it helps reduce everyone’s exposure should there be a property crash; it makes sense!
However, for some borrowers, an Interest-only mortgage makes absolute sense as it keeps regular payments low, and you can ultimately make lump sum payments. Your circumstance could therefore suit interest-only. Most lenders allow an annual overpayment, typically 10%, and in your position, if Interest-Only is the most suited repayment method, we would urge you to make this method of repaying the mortgage over a medium to long term.
Which lenders do you use for million pound mortgages?
As Independent Mortgage Experts, we deal with the Whole of Market and have access to several Private Banks that can be better geared up for larger loans for the right clients. We have seen a recent increase in sustainable living and, therefore have access to Green mortgages.
How much is stamp duty on a million pound property?
This is dependent upon your situation. If you are buying a second home, then it will be more. The simplest way to find out is to use our stamp duty calculator. You can get to it here
I’m time-poor – how do you work with busy professionals?
The key aspect of what we do is to deal with our clients how they wish to be dealt with. In your position, you want us to handle everything and reduce your time – which is perfectly OK and we are happy to do this. We will require a small amount of information from you, and then we will revert to you at critical stages of the mortgage transaction. We are used working with PAs of MDs and CEOs if this makes life easier for you?
Your goal is a stress-free journey, and this is something we will take great pleasure in dealing with. You can contact us here
Specialist mortgage advice at your fingertips: Get in touch
We love to make a difference and build up excellent working relationships with our clients. We’ll always do the right thing by you. Call us on 020 8528 2251 or email hello@conranmortgages.co.uk to start the process.
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Get in touch for stress-free services
Our services eliminate your stress. We can handle all the admin, and all the specialist parts of the process. Get in touch with us on 020 8528 2251 or email hello@conranmortgages.co.uk.