Mortgages over £10 million
Page updated 18/12/2023
Bespoke £10 million+ mortgages
Trinity Financial offers bespoke lending solutions for wealthy clients looking for £10 million+ mortgages.
Our specialists provide high-net-worth and ultra-high-net-worth clients with expert mortgage advice to help them purchase or refinance properties, typically in prime areas of the UK.
We have access to many of the best contacts in the financial sector and secure competitive and cost-effective large mortgage loans.
How much does a two-year fixed £10 million mortgage cost?
Suppose you want to raise £10 million to purchase or remortgage a property on an interest-only, part interest-only or full capital repayment mortgage. Trinity Financial's brokers can access a lender offering a two-year fix at 4.92%, and the overall cost for comparison is 8.1% APRC.
The monthly payments on a 4.92% interest-only mortgage would be £41,000, rising to £53,194.30 on full capital repayment over a 30-year term. The mortgage has a £995 arrangement fee, and you must put down a 40% deposit to qualify. After the fixed rate, borrowers revert to the 8.24% standard variable rate unless they switch products.
This rate is available for mortgages up to and over £10 million, and rates are not much more expensive if you have a smaller deposit.
What about £10 million five-year fixed rate mortgages?
Some of the most competitively priced larger loans are five-year fixes.
If you prefer a longer-term fixed rate option to borrow £10 million, our brokers can access a 4.47% five-year fix through our large loan contacts at Natwest for Intermediaries. The monthly repayments on a £10 million mortgage would be £37,250 on interest-only or £50,490.43 on capital repayment over a 30-year term."
This mortgage has a £995 arrangement fee, and borrowers must put down a 40% deposit. The standard variable rate is 8.24%, and the overall cost for comparison is 7.8% APRC.
Trinity Financial offers bespoke larger mortgage loan service
With offices in Islington and St James's, London, we are ideally placed to understand the prime property market and have face-to-face meetings.
Wealthy borrowers running multinational companies, those working in the financial sector, and successful entrepreneurs often have more complex incomes. Therefore, we work with a selection of banks that do not limit clients with strict eligibility criteria. They assess all sources of income and overall assets and liabilities.
Whether you want to purchase a new home, refinance, or secure a second property in the UK, Trinity Financial can help.
What is happening in the large mortgage loan market?
There is a lot of competition between the high street lenders and private banks to attract wealthier borrowers.
Aaron Strutt, product director at Trinity Financial, says: "Some high street lenders provide surprisingly large mortgages at their standard pricing with low arrangement fees. For example, Barclays for Intermediaries has a selection of rates available for mortgages between £2 million and £10 million, while Halifax also has a larger loan product range."
In today's competitive financial markets, lenders prefer to provide larger mortgages rather than lots of smaller mortgages to increase their lending volumes.
As much work often goes into arranging a £500,000 mortgage as it does a multi-million-pound loan.
Call Trinity Financial on 020 7016 0790 or book a consultation to secure a £10 million+ large mortgage loan.
The information contained within this article was correct at the time of publication but is subject to change.
Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage
High street mortgage lenders typically expect borrowers seeking £10 million mortgages to have a deposit of at least 35% or 40%. Private banks, however, can offer higher loan-to-value mortgages so that they may require a 10% or 15% deposit.
The deposit amount depends on the client and their income and assets. Typically, we work with clients with a deposit of at least 15-20%. International clients, meanwhile, will need to have a deposit of 25-40%.
Some private banks can take cross charges against property portfolios or other assets to issue larger mortgages with smaller deposits.
Most private banks will offer you around four to five times your annual salary to buy a home. To qualify for a 10 million-pound mortgage, you normally earn around £2,000,000 a year. Some lenders will stretch to a salary of £1,800,000 if you have perfect credit and a large deposit.
The lenders can use bonus income plus income generated from stocks, shares, companies and potentially family income if they are willing to go on the mortgage application.
Trinity Financial helps clients secure high-value properties, especially in prime postcode areas in the South of England and London.
Over the years, we have helped our clients buy flats near Hyde Park and stunning homes in Mayfair. We also have arranged finance for country estates and rural homes.
We have successfully secured investment properties, such as buy-to-let properties, second homes, and commercial properties.
• You contact one of our consultants by calling 020 7016 0790 or complete our basic enquiry form or mortgage questionnaire for a more detailed initial response.
• You tell us what you are looking for and the property type you want to buy. We assess your mortgage and financial protection needs based on your monthly budget.
• We collect the information and documentation the lenders and providers need.
• Based on the information supplied, we provide you with illustrations of the most suitable products for your circumstances.
• We then submit the application on your behalf to secure a mortgage offer as quickly as possible. This is once you have confirmed you are happy to proceed.
• We manage the application through to completion and liaise between all involved parties, such as valuers, estate agents and solicitors.
• Post-completion, we are available for any questions. When you reach the end of your initial product, we can also discuss any further mortgage, will or financial protection product requirements.
As part of our ongoing service commitment - we will contact you at least three months before your fixed or tracker rate expires to ensure you avoid reverting to an expensive, standard variable rate.
Yes, Trinity Financial works with many international clients.
Regardless of whether you are a UK resident, we can help source the best mortgage terms for a £5 million or £10 million mortgage. Whether you live in the Middle East, America, Monaco or Hong Kong – we can help.
Some lenders require overseas borrowers to have a larger deposit than UK residents. They may also require earning more money and having a relevant visa. They will want to understand if the property will be let and how often it will be used.
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
