WHAT DO I NEED TO KNOW ABOUT MILLION POUND MORTGAGES?

Written by Enness Private on - Finance -

To secure the best million pound mortgage on a residential or buy to let basis you need to assess the entire market to make sure you are achieving the best possible terms. You also need to be able to weigh up a number of different ways of structuring the loan.

If you are looking for a million pound mortgage and have a standard income stream, little or no international exposure and can contribute 25% or more of the purchase price, that’s fantastic. We will be able to find you the most cost-efficient structure on an interest only or repayment basis.

If your income is more complicated – for example if you are self-employed, a non-dom or an expat – there are still plenty of routes open to you. Alternatively, if the property you wish to purchase is non-standard, our advisers will be able to assess the market and work closely with lenders on your behalf to find the best possible structure.

If you have any other assets which can be leveraged as part of the transaction, such as a personal pension or stock portfolio, our advisers will be able to use them to your advantage. Lender criteria and rates are much more flexible for million pound mortgages, and you may be able to achieve a higher loan to value or a lower rate than you expect.

By: Islay Robinson CHIEF EXECUTIVE OFFICER – https://www.ennessprivate.co.uk/mortgage-service/million-pound/

 

Author: Enness Private

venitoo-advert-banner

Share
 

Recent Popular Articles

The Unique Realty Development Process created and proven by NRIA for High Return Low Risk Property Investment

High Return Low Risk Property Investment.


NRIA’s nine-year proven and unique approach to developing investment property guarantees high returns to investors under their 100% satisfaction money back guarantee. It is the


Why Savvy Savers Invest in Property


These days, there seems to be a global increase in investments in the real estate sector. Investors are looking for ways to expand their holdings


Basing your investment on rental yields


The property market continues to grow but why, when it comes to making investment decisions, does it all revolve around the price? This may seem


HMO checklist: getting your property ready for the new semester


Here’s a fact to ease the challenges of owning a Houses in Multiple Occupation (HMO) property: already this year HMOs have returned higher yields for


Market uncertainty makes it a nervous time for investors


The way in which the property market is moving is making it difficult for investors to make decisions. The referendum that is taking place on