Expert Million Pound Mortgage Advice

We work with a global network of over 500 lenders, ranging from small building societies to challenger banks, alternative lenders and global private banks. 

We are market leaders in the million pound mortgage space and that is confirmed by our lender access and completed cases. Our combined experience allows us to understand any lending request and quickly and professionally source and negotiate terms then complete transactions cleanly. 

There are a vast number of million pound mortgage lenders and given most of the terms are fully negotiable having an expert on your side is vital.

Interest rates, of course, vary depending on your circumstances, your plans and the part of the market you are operating in.

Prime borrowers looking for £1m plus mortgages on their homes in the UK will receive interest rates in the 1-2% range. Those with more complex situations may pay a little more. We offer mortgages in every part of the market and work with hundreds of mortgage lenders daily.

Traditional rental income requirements and stress tests are not usually applied as strictly when it comes to million pound plus buy-to-let mortgages.

Instead, lenders will look at the net worth of the borrower their personal income and how interest would be serviced during void periods.

We can arrange a large buy to let mortgages even if the property isn't let.

This is a specialist part of the market and one we are very experienced in.

If you are among the high net worth individuals that we can specifically cater for, you might wonder why you should even consider taking out a mortgage. However, this fails to take account of the fact that, while average earners have only had access to repayment mortgages since the financial crisis, wealthier individuals can more easily make use of less costly, interest-only mortgages with privately negotiated rates. This means that you could borrow against your home and put the cash towards alternative assets.

You might initially think so, but research has indicated otherwise. According to The Guardian’s investigations, a banker is indeed a typical applicant for a million-pound mortgage. However, people who work in the legal profession, hedge funds or private equity also commonly opt for such a deal, as do professional sportsmen – particularly footballers.

While both private and international banks have been responsible for most of the million-pound mortgages handed out during the last few years, high street lenders have also recently started offering these mortgages again. New lenders are constantly entering this price bracket – and, at Enness Private Clients, we are always among the first brokers to be offered their new solutions. This makes us an especially good choice of broker to turn to should you be seeking a broad range of appealing million-pound mortgages to choose from.

As one of the UK’s largest producers of million-pound mortgages, we are well-positioned to assist should you be interested in taking out a mortgage in this category, but also have various unique requirements that need to be considered in the process. Thanks to us, you can more readily benefit from exclusive lenders who work with a strictly limited number of brokers or might not even deal directly with a new client.

For as long as many of the UK’s already staggeringly high house prices continue to rise, the answer is a confident “yes”. These loans are often used for purchasing “trophy properties” in central London, while a recent report has indicated that the number of Cornwall homes valued at over one million pounds is set to soar by 2030. Statistics like these show how these mortgages could only become even more crucial in the foreseeable future.

A £1m mortgage with an interest rate at 1% per annum (the lowest we have seen in the last few years) on an interest-only basis would cost £833.33 per month. 

To achieve that you would normally need to be a UK resident, have an income over £300,000 per annum, be able to provide a 40% deposit and have a clean credit history.

We will find the best mortgage terms no matter your circumstances.