Our Case Studies
Our Case Studies Do you need a million pound loan to develop your property?

Do you need a million pound loan to develop your property?

Do you need a large mortgage loan to develop your property? We are experts at arranging large mortgage loans for clients who earn their income from a variety of sources. We have the private banking contacts to provide a tailored solution for you.

To discuss this or any other large mortgage case, please contact us.

Case profile

Our clients were a couple in their early fifties, with a mortgage of £1 million and around £500,000 income per annum via a Venture Capital Trust; projected income for next year is £1 million+. They were looking to borrow £1.6 million; £1 million to replace the existing mortgage and £600,000 to finish building their main residence.

Traditional high street lenders were unwilling to lend the amount required based on the fact that income from the VCT had been lower in previous years because it was set up only 4 years ago.

The solution

The clients contacted largemortgageloans.com. We met with them immediately and arranged a meeting with a private bank, who were comfortable with the likely income from the VCT, having valued the property at £3 million. £1.6 million was made available, provided the clients discussed transferring other assets. The rate agreed was LIBOR (currently 0.97%) plus 6.5% during 12 month development period, reverting to LIBOR plus 3.5% for 4 years, once the property has been finished.

Deal highlights

Loan amount:£1.6 million (53% LTV on current valuation of £3 million)
Rate:LIBOR plus 6.5%¹ variable rate (7.47% pay rate) for 1 year, reverting to LIBOR plus 3.5%¹ variable rate (4.47% pay rate) for 4 years
APR:5.6%2 (the overall cost for comparison)
Term:5 years
Type:Interest Only
Loan purpose:Remortgage of residence, including capital raising for development
Lender’s arrangement fee:1% of loan amount
Early repayment charges:None

Please call us on 020 4519 4900

Your home may be repossessed if you do not keep up repayments on your mortgage


This case study is for information and illustration purposes only. It is not an offer, or suggestion of an offer. Each mortgage case is assessed on an individual basis and there is no guarantee that the solution described here can be repeated in the future.

¹ Please note that this specific deal may not be available to – or suitable for – all customers, dependent on their individual circumstances. The rate quoted may become out of date at short notice and may not be available at the point at which customers enquire about it. This document may not contain all the information needed for customers to make a decision and they should seek advice.

2 APR (the overall cost for comparison) calculation based on 1 year at 7.47%, 4 years at 4.47%, with arrangement fees of 1% x £1.6 million (£16,000) and legal and valuation fees of £5,000. The actual rate available will depend on your circumstances. Ask for a personalised illustration.

Return to Our Case Studies

This Month’s Top Fixed Rate

Fixed rate
Initial rate: 1.35%

Period: 2 years

Rate will revert to a variable rate, currently 4.99% thereafter
The overall cost for comparison is 4.46%

Get This Rate

This Month’s Top Variable Rate

Variable rate
Initial rate: 0.97%

Period: 2 years

Rate will revert to a variable rate, currently 4.99% thereafter
The overall cost for comparison is 4.37%

Get This Rate

Some of this month's top interest rates are listed above; the actual rate will depend on your circumstances. Please note that this information does not contain all the details you need to choose a mortgage, ask one of our advisers for a personalised key facts illustration on 020 7519 4900. The rate displayed may become out of date at short notice.

Latest Articles/News

Case Studies

Are you looking to secure a million-pound mortgage but have some complex ho…

Latest/Related News

Another month, another decision from the Monetary Policy Committee (MPC) to…

Press Release

On Friday 14th June 2019, largemortgageloans.com was thrilled to be crowned…

Press Coverage

Could a retirement mortgage help you stay in YOUR home?…

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