“Demystifying the million pound mortgage”

Welcome to this month’s episode of The Mortgage Mum podcast. This month’s episode is hosted by two of our expert mortgage brokers, Kim Balasubramaniam and Katrina Horsted.

With backgrounds in high-end events and luxury fashion, Kim and Katrina are well versed in dealing with discerning, high net worth clients.

In this episode they discuss the million pound mortgage; why you might need one, how to get one and how working with a broker in this space is vital.

Kim and Katrina discuss the need for million pound mortgages, both in the residential, buy-to-let and development sectors, particularly for those families wishing to move to their forever homes.

They talk through affordability considerations; for those clients with complex incomes, background investments and illiquid assets and how different lenders take these elements into consideration.

Katrina shares the types of mortgages available for larger loan sizes and the considerations that should be given to each, and Kim discusses the various repayment options available.

Finally, the pair share how working with a broker in this space is vital both to save the client time, and to lean on their expertise and relationships with lenders and their specialist larger lending teams to ensure a smooth journey to completion of that million pound mortgage and forever home.