Secure a Multi-Million Pound Loan

Monday November 26, 2018

Our equity release experts secure the best possible rate on a multi-million pound loan

Are you retired and looking to release equity in your property? We have the banking contacts to provide a tailored solution where other lenders may not be able to help. To discuss this or any other large or complex mortgage case, please contact us on 020 7519 4984 or email.

Case Profile

According to the Equity Release Council, homeowners used equity release to unlock a record-breaking £1.02bn from their properties in the third quarter of 2018.  This increase in popularity is evidenced by the growing number of schemes on the market. As of August 20181, 139 equity release schemes were available to consumers, more than double the number (58) seen in 2016. When you consider just 24 product options existed in 20072, it’s evident that the sector is experiencing real growth, driven by the fact we’re living longer, and many people need to unlock equity to fund retirement, pay for care or help younger generations get onto the property ladder.

We first worked with our clients – a married couple – back in 2015 when we brokered a multi-million pound equity release loan to reduce their interest rate. Sadly, the spouse had since passed away and, during an annual review of the clients current circumstance, we discovered that our client may be able to access a lower interest rate.


Given the clients recent loss, our team took a cautious approach, working with 3 of the clients close family members, along with the families long serving solicitor to make sure the best deal was made for our elderly client.

We were originally looking to swap products with the clients existing lender, however due to a down valuation and the original lender no longer being able to assist, we used the valuation done to negotiate terms with other lenders. We were able to find a lender who offered a bespoke rate based on the clients new valuation figure.

The existing £4.3 million loan had an interest rate of 5.21% and a further advance with an interest rate of 6.64%. In going back to market, our expert adviser team was able to secure an interest rate of 5.03%, representing a significant saving for our client over the life of the loan. Due to the clients personal circumstances, she was not liable for any early repayment charges on her current equity release loan.

Deal Highlights

Loan amount:£4,300,000
Rate:5.03% fixed rate
APRC:Overall cost for comparison 5.2% APRC representative variable
Term:Lifetime loan
Type:Equity release
Loan purpose:Remortgage
Lender’s arrangement fee:None
Early repayment charge:No more than 25% of loan amount



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.

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.

The overall cost for comparison is 5.2% APRC representative variable based on monthly payments at the lenders fixed rate of 5.03% for the life of the mortgage and fees. The mortgage is estimated at 15 years but could run for a longer or shorter time.

A lifetime mortgage is a loan secured against your home. Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up the repayments on your mortgage.

Equity release will reduce the value of your estate and may affect your entitlement to means tested benefits. Home reversion plans and lifetime mortgages are complex products. To understand the features and risks, ask for a personalised illustration.

Return to Our Case Studies

Our insights

We are the UK’s leading specialist in delivering innovative and bespoke financing solutions to global clients.


Specialists in creating innovative and bespoke funding solutions.

Your home or property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Changes in the exchange rate may increase the sterling equivalent of your debt. You may have to pay an early repayment charge to your existing lender if you remortgage. Think carefully before securing any other debts against your home. is a trading name of Ltd, Aegon House, Ground Floor Suite, 13 Lanark Square, London, E14 9QD authorised and regulated by the Financial Conduct Authority (FCA). Our FCA registration number is 302228 and can be viewed by visiting the FCA website: The FCA does not regulate tax advice or some aspects of commercial, buy to let, overseas mortgages, bridging finance, finance and asset lending. Ltd is a licensed credit broker, and not a lender. Ltd Registered in England and Wales No: 5070990 Registered Address: As above. The guidance and advice contained within the website are subject to the UK regulatory regime and is primarily targeted at UK customers. Calls may be recorded for training and monitoring.
Make An Enquiry

London Office (Main):


London Office (Main):

Largemortgageloans is a trading name of Ltd, Aegon House, Ground Floor Suite, 13 Lanark Square, London