How do I find a large loan mortgage broker?
Who offers larger mortgages these days?
As property prices in and around London and our other big metropolitan cities continue to rise into the millions, you may find that you need a larger mortgage to secure the kind of home you want to live in. The problem is that many high street lenders simply won’t lend above the £1m mortgage mark.
John Charcol is an expert in helping high net worth and high income clients to arrange larger mortgages. We approach specialist lenders and private banks who we know are willing to lend on a larger scale, particularly if the borrower is supported by a professional mortgage broker like John Charcol.
Are lending limits rising in line with property price rises?
Many of our high net worth and high income clients are finding that standard lending limits simply don't go high enough for the kind of property they want to buy. It is not unusual to raise a mortgage for more than a million pounds when wanting to purchase a property, either to live in or as an investment in or around London, Manchester, Birmingham Edinburgh, Glasgow, Bristol or other desirable locations.
If you’re looking for a larger mortgage, you need to make a case to one of the specialist lenders or private banks who are used to arranging loans for larger sums.
How can John Charcol help with larger mortgages?
We are possibly the biggest and most established arranger of larger mortgages in the UK. We’ll spend time looking at your personal financial situation and do our best to build a case for the loan you need.
With years of experience and excellent contacts, we know who to approach in order to secure larger mortgages at competitive rates. As a respected broker we can:
- Talk directly with underwriters at specialist lenders and private banks who we know have a proven track record in closing larger mortgage deals
- Understand structures like family trusts, offshore investments, international wealth and multi-currency income profiles and present a compelling case on your behalf
- Manage larger mortgages for UK and foreign nationals and deal with any other financial or professional advisers you may wish to be involved
- Find competitive rates even on very large mortgages (we regularly arrange mortgages of multiple millions for clients)
- Move quickly enough to ensure that you get the home or property investment you have set your heart on, as time is often a factor in larger deals
To find out how we can help with your larger mortgage, call us on 0344 346 3672 or enquire now.
Need some advice?
Send us your details and we will help find the mortgage that's right for you:
Frequently asked questions
How much of my bonus can be counted as earnings for a larger mortgage application?
That depends on the lender. Some High Street lenders will use 25% of the last bonus added onto the basic salary...some will take 100%. We know who is best to approach when bonuses are part of the equation.
If the high street lenders tell me I can’t get the multiple on my salary, are there other places I can go?
Yes. We deal with regional building societies, private banks and other niche lenders who will look at each client on an individual basis. The range of income multiples can be as high as five times or more.
As a foreign national, can I still get a UK mortgage?
Yes…it helps if you are living in the UK, but if you are outside of the UK we can still assist. It really helps if you have a global tax adviser or work for a large international corporation. Keep in mind there are some countries that do not allow their citizens the ability to borrow towards a property purchase.
Can you help me to arrange a mortgage around my busy work schedule?
At Charcol we’re used to working with high net worth individuals who are under real time pressure. That’s why we come to you and fit in with your schedule.
I want a flexible mortgage that allows me to use my bonus to reduce it each year in significant payments. Can that be arranged?
We’re expert at arranging this kind of mortgage, making the best of low rates of borrowing with capital payments when bonuses are available.
Is there a fast-track service so that I can secure the property I have my eye on now?
Unlike high street lenders we’re fast and nimble, so if you need us to talk to an Estate Agent or make things happen fast to secure a particular property, we’ll do everything we can to make that happen.
Can I speak to someone with the authority to make decisions based on my real circumstances rather than computer-set limitations?
Yes. At Charcol our consultants are all experienced independent financial advisers. We often arrange London City mortgages through reputable private banks and investment houses who have much more flexibility on who they lend to and how much they will lend.
Why John Charcol?
- Independent We know where to find the best deals for people like you.
- Experienced We’ve been arranging mortgages for almost 40 years.
- Personal We’ll come to you and take as much pain out of the process as humanly possible.
- Expert Many of our clients don’t qualify for a standard mortgage. That’s where our expertise comes in.
- Flexible We're used to working with high net worth individuals who want flexible mortgages that give them best value.
- Fast We work quickly to make things happen in the timeframes you need.
- Accessible We’re real people available on the end of the phone or in person, as and when you need us.
What our customers say
John Charcol
0330 057 5173 £ Cutlers Exchange, 123 Houndsditch London EC3A 7BU
Excellent
1414 Total reviews
4.83 Average rating
- 5★ ★ ★ ★ ★
Rebekka
Swift, polite, honest, patient and genuine. Treated me like a valued customer.
Posted - 5★ ★ ★ ★ ★
Anonymous
Always customer focused and tried to find the best way forward when there were issues on the way, very good, thanks.
Posted - 5★ ★ ★ ★ ★
Molly
I instructed Penny Mathers at John Charcoal for my residential mortgage and she was absolutely brilliant. Very easily contactable, approachable and went above and beyond. I thoroughly recommend (and will recommend!)
Posted - 5★ ★ ★ ★ ★
Serena
John Charcol has been introduced to myself by my MD for re-mortgaging application. I am very happy with the service I received and the efficiency of the team. Penny has been absolutely amazing and knowledgeable throughout out the process. Kayleigh has been absolutely helpful too. Thank you guys, really appreciate it.
Posted - 5★ ★ ★ ★ ★
Busra
Sener Topal is a very professional, knowledgeable and helpful mortgage broker.
Posted - 5★ ★ ★ ★ ★
Sarfaraz
Jessica Mottram was great kept me updated from start to finish will definitely use again
Posted - 5★ ★ ★ ★ ★
Tony
The team at John Charcol did an incredible job who were Randeed Sodhi who was my first contact and then also Katie Paterson. Certain difficult factors were present but Randeep persevered to resolve it to the very end whilst Katie's invaluable assistant helped keep all parties involved in the loop. Their manner was professional with all aspects of the work from gathering all necessary documents to representing these to the bank. I will always be grateful for the team.
Posted - 5★ ★ ★ ★ ★
Anonymous
I'm very grateful to John Charcol for their help in getting me a mortgage while I was in something of an odd position, recently returned from years overseas with a limited financial history in the UK. I know Joshua pursued quite a few options to find me the right lender, and that he put a lot of work into convincing the one we eventually went with to accept unconventional documentation of my assets and income. There were periods where more timely communication and updates on the process would have been helpful, but I'm very happy with the result.
Posted - 5★ ★ ★ ★ ★
PB
This bridging experience was a pleasant surprise given what i have experienced previously. Tiara's recommendation and Hayley's assistance allowed for a trouble free and pain free process, 3 & 1/2 weeks from start to finish. Thank you to you both
Posted - 5★ ★ ★ ★ ★
Anonymous
Good service and communication throughout the process
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