Looking at mortgages for homes valued above £1 million?

With over 40 years' experience in the mortgage market John Charcol is a specialist in assisting high net worth clients purchase high value properties. We regularly deal with mortgages over £1 million and have assisted clients purchasing property worth in excess of £30 million.

We have long established and long standing relationships with a range of specialist and bespoke lenders as well as a range of private banks. If you're looking for advice arranging a mortgage for a million pound property purchase, no matter how complicated your income situation, the team at John Charcol can help you explore the potential financing routes and best mortgage deals available to you.

Why speak to a mortgage adviser?

Before you decide to opt for one of the large loan mortgages below, it's important to speak with an independent mortgage expert. Our advisers at John Charcol will be able to assist you in comparing products from across the mortgage market to help you decide which mortgage is best for you, and your individual needs. Through our relationships we also have access to many bespoke mortgages and finance solutions that can be tailored to you and your individual needs. If you could be better off taking out finance with another provider or with a bespoke solutions our experts will be on hand to advise you.

Current best large loan mortgage deals:

Initial Rate
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Total amount of credit
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Monthly repayments
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Scheme fees
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Total amount payable
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Overall rate
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Max Loan to value 60%: Large Loan 2 Year 1.18% fixed. Available for loans from £500,000 to a maximum of £2,000,000.
Initial Rate
1.18% Fixed until 31/10/2019 then 3.74% - Barclays Base Rate plus 3.49% for term
Total amount of credit
£1,020,000
Monthly repayments
£3,926
Scheme fees
£2,464
Total amount payable
£1,498,844
Overall rate
3.30% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£1,499
Valuation fee£930
Other fees£35
Cashback£0

Flexibility:

Overpayments allowed?10% per annum
Early Repayment Charges£80, plus (3% until 31/10/2019) of balance repaid

Other info:

Exit fee£80
Basic legalsPayable
Special DealFree valuation for Remortgages.
Call now for more information: 0344 346 3672
Representative example A mortgage of £1,020,000 payable over 25 years on a repayment basis, initially on a fixed rate for 2 years at 1.18% and then on a variable rate of 3.74% (3.49% above Barclays Bank Base Rate, currently 0.25%, which will not go below a floor of 3.49%) for the remaining 23 years would require 29 payments of £3,926.18 and 271 payments of £5,104.69. The total amount payable would be £1,498,844 made up of the loan amount plus interest (£476,300) and fees (£2,544 which includes exit fees of £80). The overall cost for comparison is 3.30% APRC representative.
Max Loan to value 65%: Large Loan 2 Year 1.24% Tracker. Available for loans up to £3,000,000.
Initial Rate
1.24% - Bank Base Rate plus 0.99% until 31/07/2019 then 5.34% Variable for term
Total amount of credit
£1,105,000
Monthly repayments
£4,284
Scheme fees
£2,180
Total amount payable
£1,882,715
Overall rate
4.60% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£995
Valuation fee£1,185
Other fees£0
Cashback£0

Flexibility:

Overpayments allowed?Unlimited
Early Repayment ChargesNo early repayment charges but a fee of £90 is payable when the mortgage is redeemed

Other info:

Exit fee£90
Basic legalsPayable
Special Deal
Call now for more information: 0344 346 3672
Representative example A mortgage of £1,105,000 payable over 25 years on a repayment basis, initially on a tracker rate for 2 years at 1.24% (0.99% above Bank Base Rate, currently 0.25%, which will not go below a floor of 1.24%) and then on a variable rate of 5.34% for the remaining 23 years would require 26 payments of £4,283.76 and 274 payments of £6,456.45. The total amount payable would be £1,882,715 made up of the loan amount plus interest (£775,445) and fees (£2,270 which includes exit fees of £90). The overall cost for comparison is 4.60% APRC representative
Max Loan to value 60%: Large Loan 5 Year 1.70% Fixed. Purchase only. Available for loans from £500,000 to a maximum of £2,000,000.
Initial Rate
1.70% Fixed until 31/10/2022 then 3.74% - Barclays Base Rate plus 3.49% for term
Total amount of credit
£1,020,000
Monthly repayments
£4,174
Scheme fees
£2,464
Total amount payable
£1,449,625
Overall rate
2.90% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£1,499
Valuation fee£930
Other fees£35
Cashback£0

Flexibility:

Overpayments allowed?10% per annum
Early Repayment Charges£80, plus (3% until 31/10/2022) of balance repaid

Other info:

Exit fee£80
Basic legalsPayable
Special Deal
Call now for more information: 0344 346 3672
Representative example A mortgage of £1,020,000 payable over 25 years on a repayment basis, initially on a fixed rate for 5 years at 1.70% and then on a variable rate of 3.74% (3.49% above Barclays Bank Base Rate, currently 0.25%, which will not go below a floor of 3.49%) for the remaining 20 years would require 65 payments of £4,173.60 and 235 payments of £5,007.35. The total amount payable would be £1,449,625 made up of the loan amount plus interest (£427,081) and fees (£2,544 which includes exit fees of £80). The overall cost for comparison is 2.90% APRC representative.