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.
IT'S SIMPLE
WITH US
Talk to our experts today
0344 346 3672
Or arrange a call back
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.
IT'S SIMPLE
WITH US
Talk to our experts today
0344 346 3672
Or arrange a call back
What our customers say
John Charcol
0330 057 5173 £ Cutlers Exchange, 123 Houndsditch London EC3A 7BU
Excellent
1535 Total reviews
4.84 Average rating
- 5★ ★ ★ ★ ★
Aarti
Jessica Mottram was my mortgage advisor and she was professional, knew what she was doing and helped throughout. Would totally recommend.
Posted - 5★ ★ ★ ★ ★
Ruth
Thanks very much for all your help. I’ve been really pleased with the service, communication and ease.
Posted - 5★ ★ ★ ★ ★
Shamaila
Razz did a fantastic job arranging my mortgage and made the entire process so easy from start to finish. I was kept up to date throughout the process via regular emails/phone calls and Razz went the extra mile to ensure everything flowed smoothly. He was very professional and a great mortgage broker! Highly recommended. I will definitely use John Charcol again.
Posted - 5★ ★ ★ ★ ★
Tom
Pravin Varsani and the John Charcol team made the impossible possible - where another broker failed, they managed to work a better solution, kept everything running to a TIGHT deadline, and were cheerful and communicative the whole way through. Thoroughly recommended.
Posted - 5★ ★ ★ ★ ★
Emily
Sarah Teff was fantastic. She helped us from the minute we asked about mortgages till after we completed. She was so helpful with every question we had and answered with such detail. We would definitely ask Sarah again to do our mortgage again in the future.
Posted - 5★ ★ ★ ★ ★
Gary
Jessica Childs did a great job for us in finding a very good mortgage when we were looking at buying a house earlier on this year. We now need to renovate our house and went back to Jessica to see if we could obtain an additional loan. As before, she did a great job and obtained an additional loan in very quick time. Cannot recommend Jessica highly enough.
Posted - 5★ ★ ★ ★ ★
Matt
Just completed a fast and super efficient transaction. Can't recommend Penny and her team enough.
Posted - 4★ ★ ★ ★ ★
Crispin
Jessica Childs and Fiona Allan worked tirelessly to get our (very difficult and complicated!!) mortgage sorted out for us. We are very grateful to them, and would certainly ask them to help us next time we needed a mortgage. Really pleased customers - thank you!!
Posted - 5★ ★ ★ ★ ★
Paul
Andrew Tuck and Katie Paterson at John Charcol did a fantastic job in arranging my remortgage. It was a far from simple transaction, involving a transfer of title and simultaneous lease extension. It was a very stressful situation but having Andrew and Katie in my corner was hugely reassuring. They were diligent in keeping everything on track and co-ordinating with the mortgage provider and various legal teams. I have no hesitation in recommending John Charcol.
Posted - 5★ ★ ★ ★ ★
Lauri
It was a pleasure working with Jo Irwin at John Charcol to find the most suitable mortgage for our first home. She was super helpful and gave us so much useful advice - not sure what we would have done without her. Jo kept us updated every step of the way and got things done quickly on her side. Not to forget she got us a great deal on our mortgage. Moving is stressful, and Jo made the mortgage part seem simple. Thanks to Jo and the team for all your help! We will definitely be recommending Jo and John Charcoal to friends and family in the future!
Posted