Case Study: Loan Against Investments to Buy Property Abroad

Introduction We helped a high-net-worth customer arrange a £9.5 million loan secured against his investment portfolio to purchase a property in Europe. Our customer was relocating overseas and wanted to purchase his new home without arranging a mortgage in another country or selling his existing investments. The challenge was finding a lender comfortable with the… Read more
Ultra High Net Worth Mortgage Options

UHNW Mortgages Explained: Private Bank & Asset-Backed Options In the UK, the term “Ultra High Net Worth Individual” typically refers to someone with net assets of £30 million or more, although definitions can vary slightly between financial institutions and wealth managers. This figure excludes primary residence and liabilities in some interpretations, while others include all… Read more
Unsecured Business Loans

Unsecured Business Loans – Fast Funding Without Using Your Assets Running a business often means needing quick access to finance. Whether you’re covering short-term expenses, investing in growth, or smoothing out cash flow, finding the right loan can make a huge difference. An unsecured business loan can help you do just that, without tying up… Read more
Buy to Let Mortgages with Serco Tenants

Can you get a buy-to-let mortgage with Serco tenants? (Lender criteria explained) Yes, but only with certain lenders. Letting your property to Serco, housing associations, or charities can affect your mortgage, as these arrangements are different from standard tenancies. Lenders assess these arrangements differently to standard tenancies, often applying stricter criteria. Not all lenders accept… Read more
Mortgages for Pilots

Specialised Mortgages for Pilots: Tailored Advice for Airline Professionals Securing a mortgage as a pilot may feel anything but straightforward. Your income is often more complex than that of some other professions, with elements like flight allowances, bonuses, and expenses making it difficult for traditional lenders to assess your true financial picture. At Kerr &… Read more
What to Bring to Your Mortgage Appointment

Essential Checklist: Documents You Need for a Hassle-Free Mortgage Appointment Preparing for your mortgage appointment is crucial for a smoother and more efficient application process. Bringing or sending over the correct documents can significantly speed up the approval of your mortgage or remortgage. At Kerr & Watson, we aim to make this process as smooth… Read more
How Much Does £1 Million Mortgage Cost?

How Much Does A £1 Million Mortgage Cost Per Month? A £1 million repayment mortgage would cost approximately £5,846 per month over 25 years at an illustrative interest rate of 5%. Over 30 years, the monthly repayment would reduce to approximately £5,368. For larger mortgages, borrowing £2 million would cost around £11,692 per month on… Read more
How Much Does A £5 Million Pound Mortgage Cost?

How Much Does A £5 Million Mortgage Cost Per Month? A £5 million repayment mortgage would cost approximately £29,230 per month over 25 years at an illustrative interest rate of 5%. A £10 million mortgage on the same terms would cost approximately £58,459 per month. For interest-only borrowing, the monthly payments would be lower, although… Read more
Mortgage Process Explained: What Lenders and Underwriters Check

Key Insights and Tips to Boost Your Mortgage Approval Chances Mortgage underwriters are the gatekeepers of mortgage approval, meticulously assessing every aspect of a your financial profile. We explain the intricacies of mortgage underwriting, shedding light on what lenders scrutinise and offering actionable advice to bolster your chances of securing that coveted mortgage offer. Understanding… Read more
Longest Mortgage Term UK: 40 & 50-Year Mortgages

What Is the Longest Mortgage Term in the UK? Mortgage terms of up to 40 years are available from a number of major UK mortgage lenders, while some mortgage products now allow eligible borrowers to take a term of up to 50 years. A longer mortgage term can reduce your required monthly payment because the… Read more
Can Stamp Duty Be Added to a Mortgage?

Can Stamp Duty Be Added To A Mortgage? Stamp Duty Land Tax, often shortened to stamp duty or SDLT, is one of the main costs buyers need to budget for when purchasing a property in England or Northern Ireland. In most cases, stamp duty is not simply “added to the mortgage” as a separate fee… Read more
Private Mortgage Lenders

Understanding Private Mortgage Lenders When seeking a mortgage, high street lenders might not always meet the unique financial needs of high-net-worth individuals for a multitude of reasons such as makeup of income. It may be that you require a larger mortgage (for example, £5,000,000) and although you have a significant income, it is from many… Read more

Category: Large Mortgages