"> £1 Million Pound Mortgages | largemortgageloans.com
Financial Articles
Financial Articles » £1 Million Pound Mortgages

£1 Million Pound Mortgages

Over half a million people in Britain are now ‘Property Millionaires’. A rise of eight per cent since last year, according to property website Zoopla1. In fact there are now 10,958 streets where the average property price is more than £1 million, 43% of them in London. 13 of these London streets have an average property price of more than £10 million.

When taking out a mortgage above £1 million, it becomes more difficult to access a deal via the High Street Banks. A specialist mortgage broker can take a more holistic approach to your lending requirements – possibly utilising assets such as a personal pension, stock portfolio or overseas stock you may hold to your advantage to achieve the best possible lending terms to fit your criteria.

High street banks can frown on using commission or bonuses as part of your income, some High Street Banks will only take a small percentage of this income within their affordability criteria. Private Banks can be more flexible as they typically tailor a mortgage to the customers borrowing circumstances.  A good specialist mortgage broker will likely have access to numerous private bank relationships.

You would benefit from using a mortgage broker in these circumstances since they have access to lenders with an appetite for larger and more complex loans. They are much more confident in dealing with mortgages of higher value than the high street banks.

An independent mortgage broker will endeavour to source the most suitable mortgage to suit your current needs and circumstances. Because they are independent they can give you access to far more products than you could get if you went direct. Since they spend their time looking at available rates from a number of lenders, they are in the best position to access the right lender for your situation.


Source 1: http://www.zoopla.co.uk/discover/property-news/number-of-property-millio…

largemortgageloans.com is a trading style of largemortgageloans.com Ltd who are authorised and regulated by the Financial Conduct Authority.  largemortgageloans.com Ltd is registered in England and Wales No: 5070990 Registered Address: Bridge House, London Bridge, London, SE1 9QR

Latest Articles/News

Case Studies

The mainstream mortgage market is designed to cater for the majority of can…

Latest/Related News

One of the elements which sets us apart from other mortgage advisers is our…

Press Release

The team at largemortgageloans.com has collectively been nominated for thre…

Press Coverage

Lock down your finances for the coming storms…

LML Brochure

Download our brochure to find out more about largemortgageloans.com and what we can offer

Click to Download

Sign Up

Subscribe now, to hear from us on the latest mortgage market news, products and services.

Client Testimonials


Live chat with
our team now