Mortgages Over £3 Million

Clients that reside in the UK or abroad can access £3 million mortgages through Magni Finance. All of our clients have varying personal and financial backgrounds. We understand that high net worth clients all have different sources of income and goals concerning property investment. Hence, we work on a case-by-case basis when arranging large mortgage loans.

Because we do not confine clients to strict lending terms, as many mainstream mortgage lenders do, clients can acquire £3 million mortgages quickly. We look at the bigger picture. So, clients can find both competitive and long-term financially beneficial rates with us.

Magni Finance works with clients on an individual basis; therefore, there is no one answer as to how much a £3 million mortgage will cost. By nature, £3 million mortgages, as larger loans, may come with higher interest rates.

Furthermore, £3 million mortgage loans, despite the UK property market increasing, are not commonly sought after. Yet, we can still find affordable and competitive monthly interest rates for all of our clients.

It is important to note that a client’s financial situation, as well as any of their current debts and credit score, will be taken into account when calculating their mortgage.

Below, find a table which provides a guideline as to how much a £3 million mortgage may cost per month (based on a 40% deposit):

To find out how much a £3 million mortgage may cost you, then contact us at Magni Finance. We will arrange a one-to-one appointment to discuss your specific circumstances and how much a £3 million mortgage may cost. If happy, we can then start the mortgage application process.

Click here to try our mortgage calculator.

There is no set deposit required for a £3 million mortgage. As with most mortgages, the more deposit you have, the more room for negotiation. At a retail bank, applicants are expected to have a minimum deposit of 25% for a £3 million mortgage. Private banks, in contrast, are more likely to accept a deposit of 10% with LTVs up to 100% if the client has other assets.

Where a client may have an unconventional financial profile, a private bank will assess all of their assets and liabilities. For certain clients, an asset-based mortgage may help secure a £3 million mortgage. Asset-based mortgages, in short, allow borrowers to secure large mortgage loans against an asset. Private banks may offer a 100% LTV if the client in question has other assets, such as a stock portfolio. This can, therefore, be used as an income source if required.

Clients with Magni Finance are seen as partners, not another borrower that fulfil a checklist. That’s why our eligibility criteria are also flexible. Generally, nevertheless, eligibility criteria for a £3 million mortgage will be based on a client’s income and/or assets. Clients, moreover, tend to be considered high net worth individuals to secure a loan of this amount. Income is a main factor regardless if the £3 million mortgage loan is acquired through a retail or private bank.

International clients, meanwhile, will need to have a deposit between 25 – 40%. This is because while private banks are better equipped to deal with £3 million mortgages, international clients may be viewed as potentially riskier depending on the country they reside in and the currency they earn in. Private banks, however, can lend in foreign currencies or to offshore structures where required. Deposit requirements and rates, nevertheless, will be higher due to the additional risk.

Whatever your circumstances may be, Magni Finance will help find the best £3 million mortgage product on your behalf. Take a look at our case studies to see how our client-based approach has helped many successfully access the best mortgages in the UK.

Property prices, especially in areas in the South of England and London, are continuing to increase. Henceforth, high street banks are beginning to widen their services to large mortgage loans. Yet, using a specialist mortgage broker will ensure clients find the best possible mortgages for £3 million + properties in the UK.

To secure a £3 million mortgage, clients will need to meet the minimum eligibility criteria that the lenders we work with set out. Needless to say, Magni Finance is willing to work with complex cases. The best way to find out if a client is eligible for a £3 million mortgage loan through Magni Finance is by enquiring.

Yes, clients may be able to borrow £3 million mortgages on an interest-only basis. Interest-only mortgages, while not a suitable option for the common mortgage borrower, may be beneficial long-term for wealthier clients. An interest-only mortgage could:

• Reduce monthly repayments
• Free up cash for other investments
• Help secure investment properties e.g. buy-to-lets

However, interest-only mortgages for £3 million + properties are not the best option for all clients. Magni Finance can help determine whether or not an interest-only mortgage is an appropriate option based on a client’s finances.

Magni Finance offers industry-leading financial services. We regularly arrange private bank mortgages for our clients seeking large loans. By using our services, you can be guaranteed:

• Efficiency: Securing a large mortgage loan will often need to be done quickly due to the competitive nature of the UK property market. Magni Finance will arrange an initial consultation as quickly as possible for clients to set things in motion fast.
• Expert Advice: With decades of experience in the arena of mortgages, Magni Finance is in a prime position to provide the best financial advice to clients.
• Flexibility: We treat clients on an individual basis to ensure the best possible mortgage terms are given. We also take into account the client’s lifestyles and schedules when arranging £3 million + mortgage loans for them.
• Bespoke Terms: Magni Finance excels at finding the most competitive terms for clients. We promise to find the lowest interest rates possible when negotiating on behalf of clients alongside the most cost-effective arrangement fees.

Magni Finance offers industry-leading financial services. We regularly arrange private bank mortgages for our clients seeking large loans. By using our services, you can be guaranteed:

• Efficiency: Securing a large mortgage loan will often need to be done quickly due to the competitive nature of the UK property market. Magni Finance will arrange an initial consultation as quickly as possible for clients to set things in motion fast.

• Expert Advice: With decades of experience in the arena of mortgages, Magni Finance is in a prime position to provide the best financial advice to clients.

• Flexibility: We treat clients on an individual basis to ensure the best possible mortgage terms are given. We also take into account the client’s lifestyles and schedules when arranging £3 million + mortgage loans for them.

• Bespoke Terms: Magni Finance excels at finding the most competitive terms for clients. We promise to find the lowest interest rates possible when negotiating on behalf of clients alongside the most cost-effective arrangement fees.