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 1.22% fixed. Maximum loan £1,500,000.
Initial Rate
1.22% Fixed until 30/04/2019 then 4.24% Variable for term
Total amount of credit
£1,020,000
Monthly repayments
£3,947
Scheme fees
£2,515
Total amount payable
£1,582,375
Overall rate
3.80% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£1,495
Valuation fee£990
Other fees£30
Cashback£0

Flexibility:

Overpayments allowed?During the early repayment charge period up to £1,000 each month without incurring an ERC
Early Repayment Charges3% until 30/04/2018, 2% until 30/04/2019

Other info:

Exit fee£195
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 2 years at 1.22% and then on a variable rate of 4.24% (3.99% above Bank Base Rate, currently 0.25%) for the remaining 23 years would require 25 payments of £3,946.53 and 275 payments of £5,385.46. The total amount payable would be £1,582,375 made up of the loan amount plus interest (£559,665) and fees (£2,710 which includes exit fees of £195). The overall cost for comparison is 3.80% APRC representative.
Max Loan to value 65%: Large Loan 2 Year 1.29% Tracker. Maximum loan £3,000,000
Initial Rate
1.29% - Bank Base Rate plus 1.04% until 31/07/2019 then 5.34% Variable for term
Total amount of credit
£1,105,000
Monthly repayments
£4,309
Scheme fees
£2,184
Total amount payable
£1,875,467
Overall rate
4.60% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£999
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 1.29% (1.04% above Bank Base Rate, currently 0.25%, which will not go below a floor of 1.29%) and then on a variable rate of 5.34% for the remaining 23 years would require 28 payments of £4,309.20 and 272 payments of £6,443.16. The total amount payable would be £1,875,467 made up of the loan amount plus interest (£768,197) and fees (£2,270 which includes exit fees of £90). The overall cost for comparison is 4.60% APRC representative
Max Loan to value 65%: Large Loan 5 Year 1.84% Fixed. Maximum loan £2,000,000.
Initial Rate
1.84% Fixed for 5 years then 3.75% Variable for term
Total amount of credit
£1,105,000
Monthly repayments
£4,598
Scheme fees
£2,284
Total amount payable
£1,591,098
Overall rate
3.10% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£999
Valuation fee£1,250
Other fees£35
Cashback£0

Flexibility:

Overpayments allowed?20% per annum
Early Repayment Charges£50, plus (5% in year 1, 4% in year 2, 3% in year 3, 2% in year 4, 1% in year 5)

Other info:

Exit fee£50
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 fixed rate for 5 years at 1.84% and then on a variable rate of 3.75% for the remaining 20 years would require 60 payments of £4,598 and 240 payments of £5,470.35. The total amount payable would be £1,591,098 made up of the loan amount plus interest (£483,764) and fees (£2,334 which includes exit fees of £50). The overall cost for comparison is 3.10% APRC representative.

Legal

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

John Charcol is a trading name of John Charcol Limited and its Appointed Representatives. John Charcol Limited is authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 665649. Registered in England No. 9157892. Registered office address for John Charcol Limited is 5th Floor, Cutlers Exchange, 123 Houndsditch, London, EC3A 7BU. The FCA does not regulate some investment mortgage contracts. Calls may be recorded for training and monitoring.