The situation
Standard second-home mortgage lenders cap at £1m-£2m loan size. High-value properties need private bank or specialist HNW lender routes — pricing on the whole relationship, not just the property.
How we approach it
We introduce these deals to private banks and HNW specialists we work with regularly. AUM link often improves terms; discretion is standard throughout.
What that looks like in practice
- Second-home mortgages beyond mainstream lender caps
- Typically 60-70% LTV on high-value second homes
- AUM-linked pricing considered
- Interest-only options routine
- Currency options where income is non-sterling
Typical timeline
- Week 1-2Confidential brief, private-bank introductions.
- Week 3-6Application, valuation, credit.
- Week 6-10Completion.
Common questions
Do I need to bring assets to the private bank?
Not always but it materially improves terms. Some banks lend transactionally; others expect AUM. We match to appetite.
How is affordability assessed on a second home?
Whole-picture — income, AUM, other assets, existing liabilities. Not the tight affordability calculator of mainstream lenders.
Can I let the property when not using it?
Yes — but disclose at outset. Some second-home mortgages allow personal-use lets; others require a distinct BTL product.
High-value second homes
Send a confidential brief — we'll introduce you to private banks whose appetite genuinely matches.