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Mortgages without an upper limit

Relax, you’re in safe hands. We have years of experience in the large mortgage loan market and many of our clients require well in excess of £1,000,000.

What can I borrow?

Large mortgage lenders will look at what you earn from a wide range of sources as well as your assets. Your outgoings will be assessed with some lenders able to lend up to 5.5 times your income.

Which mortgage?

This is where we come in. Our large mortgage advisors will help advise you whether this is a High Street Lender, Private Bank, Offshore lender, foreign currency or specialist asset-backed loan.

How we help

We don’t just pick a mortgage product; we provide expert advice and exceptional service throughout the whole process. And we’ll always be there should you ever need us for any other financial matter.
Important information

Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it.
A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances.
A typical fee is £495.

So, how does it all work?

As professional brokers with many years’ experience, since 1993 to be precise, in providing advice to those looking for large mortgage loans, and we are well aware of the idiosyncrasies of the property market at these levels.

Service, discretion and the ability to think outside the box are essential attributes for brokers working in this area.

We are aware that for some, a simple financing option is not enough. Many purchasers may be based overseas, or foreign nationals who wish to structure their finances through an offshore vehicle such as a Special Purpose Ltd. Company or Trust.

Many wish to borrow in another currency, or perhaps a range of currencies to make the most of Exchange Rate changes.

Large Mortgage Loan Brokers in London also need to be well-versed in the vast varieties of properties available. From swanky new build apartments in Docklands, large family homes in Chelsea, to converted period properties in Knightsbridge, or a Pied-à-terre or country retreat, there is a wealth of choice.

Some of our large mortgage lenders are better suited to lending on certain properties than others, and this knowledge is essential for all Mortgage Brokers in London.

Many canny investors also look at short-lease properties, and there are lenders who will look at financing these properties whether it is a qualifying lease, (a lease that was initially granted over 21 years), or not.

We specialise in all these areas and a whole host more. In fact, we don’t think there is a large loan you can challenge us with that we have not already financed.

Whether for a residential property, an investment opportunity, or a commercial property, we have been facilitating large mortgages for many years. In that time, we have developed extensive knowledge of the large loan arena and acquired valuable contacts at several of the world’s most prestigious private banks.

We understand that in this market, exceptional service and respectful discretion are essential. Because of our close relationships with several of the main private banks, you can be offered a “blank sheet of paper” approach to underwriting, as the bank treats every client as unique, designing a large mortgage product specific to your individual circumstances. You can be confident in receiving a product that is significantly better than those available on the wider market.

However you want to structure your large mortgage, we are able to assist. Company loans can be arranged through various international jurisdictions, whether it’s through the Channel Islands, BVI, or any other location. We can also cater for complex trust structures. So, if your mortgage is offshore, through a limited company/trust or in another currency, we will be glad to help.

While mainstream lenders have made steady inroads into the large loan market in recent years, there are still several reasons why Private Banks remain a good choice for many borrowers. Mainstream lender options are thin on the ground above loan sizes of £3m, while the relatively complicated income streams of High-Net-Worth borrowers often means only Private Banks can stretch to the loan sizes required.

The world of Private Banking is far from static with new entrants, criteria and regulation affecting this segment of the market as much as any other. We are always in touch with our Private Bank partners, keeping abreast of changes in the market, individual lender criteria, as well as tracking new entrants to the large loan market.

When dealing with Private Banks, you may be familiar hearing the terms ‘Assets Under Management’ (AUM), ‘Ongoing Client Relationship, and ‘Wider Business’. However, it is not always the case that clients must meet a certain minimum requirement of AUM to be eligible for a Private Bank as they become increasingly innovative in their client approach. Indeed, such lenders can now be split broadly into three types; those who demand AUM on day one of the loan, those prepared to look at client potential and other ways of earning additional income, and a number who do not require any wider business and will proceed based on the loan itself (a ‘dry lend’).

Foreign Currency Earnings

The European Mortgage Credit Directive, (MCD) bought with it in March 2016 a significant change in the rules around ‘Foreign Currency Mortgages’. This legislation defined these as a mortgage where any part of the income used to justify affordability, or any part of the repayment method, is in a currency different to that of the mortgage. Crucially, this applies to income denominated in a foreign currency at any stage, even if it is paid to the employee in pounds.

Therefore, an executive at a US Investment Bank whose bonus is denominated in US dollars before being converted and paid in pounds, is still deemed to earn that part of their income in a foreign currency. Under the new regulation, lenders are obliged to monitor this currency risk for any such borrowers, and therefore the majority of mainstream lenders will not accept such ‘Foreign Currency Income’ when assessing a borrowers’ affordability.

Private Banks however are well versed in monitoring exchange rate exposure for clients, largely on the wealth management side, and have been able to adapt to the MCD regulations seamlessly. They have therefore become an increasingly important option for a whole host of Investment Bankers, Lawyers and indeed any executives working for large, multi-national companies who are looking for large mortgages.

Latest large mortgage offers

We know you’re curious so we’ve picked out some of today’s best mortgage rates to give you an idea which lenders and interest rates could be available to you.

    Latest mortgage best buys

    Based on a mortgage of £1,000,000 on a property worth £2,000,000

  • Initial rate

    Overall cost for
    comparison

  • 1.48%
    then 5.49%
    (variable)
    4.86%
    APRC
  • 2.19%
    then 5.94%
    (variable)
    4.4%
    APRC
  • 2.5%
    then 5.24%
    (variable)
    3.3%
    APRC


  • Narrow down the right mortgage for me

Calculators

How much can I borrow?


Annual Salary (£)

Bonus (£)

Large mortgage loan guides

Keep up to speed with the latest mortgage news with our jargon-busting guides.


4.9

308 reviews


Excellent

Simone Ferraro

"Fantastic job and quick mortgage We had the pleasure of working with Ash, who was extremely..."

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Simone Ferraro
Fantastic job and quick mortgage
We had the pleasure of working with Ash, who was extremely professional and, at the same time, very friendly. He guided us through the process of getting a mortgage, explained all the potential issues we may encounter, and eventually got us a mortgage in less than a week. Cracking job, couldn't have asked for better and will definitely return when it's time to remortgage!

Tim

"Big thanks to Amy and Anh Big thanks to Amy and Anh for looking after us..."

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Tim
Big thanks to Amy and Anh
Big thanks to Amy and Anh for looking after us from choosing the best mortgage to offer to completion. We have always had 5 star service from Anh and now from Amy who was equally outstanding in anticipating and meeting our needs through a very lengthy process.

Luisa

"Sarah Aitken arranged both my original mortgage and my remortgage. I was worried the first time..."

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Luisa
Sarah Aitken arranged both my original mortgage and my remortgage. I was worried the first time round as I had heard from various people how stressful the process could be, and as I was looking to buy an ex-local authority property I had already been turned away by a couple of big lenders. In the end however, obtaining a mortgage was the easiest part of buying a flat. All thanks to Sarah and her two equally helpful colleagues, Abbey and Olivia. When my remortgage came up, Sarah got in touch a few months before to check in with me and see what my plans were. When it was time, Sarah again took care of everything and all I had to do was send in my docs. So, so grateful that something that can be incredible stressful ended up being such a breeze for me! Would absolutely recommend using Coreco, and Sarah in particular.

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