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MillionPlus
Whether you are looking to buy, sell, or finance a luxury asset, our team is here to assist. Tell us what you need.
Powered by MillionPlus AI · Privacy Policy
MillionPlus Journal
Market intelligence, case studies and expert commentary on property, luxury asset finance, crypto-backed lending and private wealth.
A green mortgage offers preferential terms, like rate discounts or cashback, for purchasing or upgrading energy-efficient properties with a high EPC rating. Discover how they work and the potential savings on both your loan and energy bills.
The most significant error high-net-worth borrowers make is applying to multiple lenders directly, creating a damaging credit footprint. A specialist broker can pre-screen your application to secure the best terms without harming your credit profile.
The standard Stamp Duty Land Tax (SDLT) on a £2 million home in England or Northern Ireland is £151,250. This figure can rise significantly to £211,250 if it is an additional property or even higher for non-UK residents.
Discover how large bridging loans enable you to buy a new property before selling your current one. Learn about the process, costs, and criteria from the experts at Million Plus.
Understand the critical difference between Source of Wealth (SoW) and Source of Funds (SoF) for large mortgage applications. Learn what documents lenders require to comply with AML regulations.
Yes, foreign nationals and non-residents can secure large UK mortgages, typically over £1 million. Success depends on meeting specific criteria from private banks and specialist lenders regarding deposit size, income verification, and source of wealth.
A large mortgage application (£1M+) in the UK typically takes 6 to 12 weeks, but can extend to 4+ months for complex cases due to enhanced due diligence (EDD) on income and wealth.
A specialist broker is essential for a large mortgage (£1M+) to access private banks and off-market products. They provide bespoke underwriting for complex income and negotiate superior terms unavailable from high street lenders.
Interest-only mortgages for high-value properties allow borrowers to only service the interest monthly, deferring capital repayment until the term ends via a pre-agreed strategy. This structure is favoured by HNW individuals for cash flow efficiency and leveraging capital.
A 'dry' mortgage from a private bank is a standalone lending facility, whereas a 'wet' mortgage offers a discounted rate in exchange for placing significant Assets Under Management (AUM) with the bank.
A detailed breakdown of how a UAE-based executive, initially declined by a high street bank, secured a £1.8M UK mortgage by leveraging a specialist private bank that understood his complex, tax-free income.
A comprehensive guide for expatriates on securing UK property finance in 2026. Learn why the market has shifted, the steps to apply, and what specialist lenders can offer.
Contrary to common assumptions, jumbo mortgage rates for high-net-worth individuals in the UK are often lower than standard rates due to competition among private banks.
Choosing between a 2-year and 5-year fixed rate mortgage in 2026 depends on your risk appetite and personal circumstances, balanced against market expectations for the Bank of England Base Rate.
Lenders assess complex income for large mortgages through manual underwriting, where specialists review an applicant's entire financial profile, including retained profits, bonuses, RSUs, and investment returns.
Lombard lending allows you to secure a loan against your investment portfolio, providing access to significant liquidity without needing to sell assets and trigger capital gains tax. This is a flexible financing tool for HNW individuals to fund property, investments, or other large purchases.
UK high street banks frequently decline expat mortgage applications because their rigid, automated underwriting systems are not designed to assess foreign currencies, complex remuneration structures, or the nuances of different international jurisdictions.
For a £1 million mortgage, a typical minimum income required by high street lenders is between £220,000 and £250,000, based on standard 4x to 4.5x income multiples. However, private banks and specialist lenders can offer greater flexibility for high-net-worth individuals.
The FCA's High Net Worth (HNW) mortgage exemption allows individuals with significant income or assets to access more flexible and bespoke lending solutions by opting out of certain standard affordability assessments.
Selling a fine wine collection involves choosing between exchanges like Liv-ex for speed and price transparency, and auctions for rare bottles and potential record prices. This guide details the processes, costs, and strategic considerations for each to help you maximise your return.