Mortgage Enquiries0344 346 3672
Larger mortgages – who supports £1m+ loans?
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
973 Total reviews
90%
4.82 Average rating
- 5★ ★ ★ ★ ★
Anonymous
Sener Topal has been reliable, clear, efficient and helpful explaining everything in terms that I understood, without ever being patronising. He seemed always available even during unsociable hours throughout the mortgage process. I'm extremely grateful for the level of support I received. I have no hesitation in recommending Sener and this service.
Posted - 5★ ★ ★ ★ ★
Anonymous
Sarah Norman finds good deals even in difficult situations involving expats making it possible to achieve what we wanted.
Posted - 5★ ★ ★ ★ ★
Nigel
Have helped me with a development loan and remortgage on a complex new build - great quality responses in a timely manner from everyone on the John Charcol team!
Posted - 5★ ★ ★ ★ ★
Anonymous
Very cooperative and helpful throughout the whole process. I would thoroughly recommend.
Posted - 5★ ★ ★ ★ ★
Raymond
Sener was always helpful, pleasent and profesenal.
Posted - 5★ ★ ★ ★ ★
Mohammed
Extremely helpful staff in all respects from telephone calls to finding a very good deal with lowest interest mortgages
Posted - 5★ ★ ★ ★ ★
Douglas
For the excellent, profesional and seamless way that Sarita Varma successfully arranged a remortgage for our property from first contact to completion. Please see following the e-mail sent to Sarita on completion of the re-mortgage:- Dear Sarita, Thank you for your confirmation of completion, and we wish to thank you so very much for the excellent service you have give us in the whole process of securing this re-mortgage. I can only say how much of a pleasure it has been to experience your professionalism and expertise throughout the process. I would really hope that you will be able to assist us to secure a more attractive deal from the Ipswich BS prior to the current fixed rate expiring. Please feel fee to make contact at the appropriate time when this will be applicable. I confirm as you request that I am happy for you to take the outstanding client fee of £350. Once again, thank you for everything you have done for us over the past few months, it has been a pleasure to have had the benefit of your services. With our best regards, Doug & Susan
Posted - 5★ ★ ★ ★ ★
Pat
A big thank you to Kathryn and Hayley for all your hard work. They couldn't be more helpful and made life very easy for me. From start to finish very professional and I would definitely recommend them.
Posted - 5★ ★ ★ ★ ★
Martin
I have nothing but full praise and admiration and a huge thank you to John Charcol. From my initial ‘general enquiry’ phone call through to an email confirming completion of the house purchase the team at John Charcol have kept me fully informed with the progress of my mortgage application every step of the way. In particular a huge thank you to Reena Ved (London office) for swiftly and very efficiently processing and submitting my application and to Katie Paterson (Southampton office) for being very efficient and keeping me frequently up to date....Full marks and thank you to John Charcol, I thoroughly recommend them!
Posted - 5★ ★ ★ ★ ★
Dmitriy
I had a great experience working with Stephen Brown from John Charcol. He made a great job and it was a pleasure to work with him!
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