This calculator is an estimation of how much you could borrow. If you’re ready to take out a mortgage, speak to a Revolution brokers to see what options are available.
If you're looking to buy your dream property, or self-build the home you have always imagined living in, the cost of your borrowing is going to be a serious consideration!
The Revolution team has created this guide to explain what factors will make a difference in getting the mortgage you need - on even the grandest of UK properties - and how to improve your chances of approval.
Should you need help finding a mortgage for a luxury home, give us a ring on 0330 304 3040, or send a message to info@revolutionbrokers.co.uk and we'll get to work!
It really depends. Mortgage lenders might define a luxury property in different ways, although will generally refer to a home as higher-end if it costs over £500,000.
That might include castles, high-value cottages, farmhouses, stately homes, listed buildings or townhouses in prestigious locations.
The location makes a big difference, as the same budget that might buy a flat in London might buy a substantial family home elsewhere.
Typically, if you have the finances to prove affordability, and have a decent deposit, it isn't complicated to find competitive lending. However, if the property is non-standard or you require a substantial mortgage value, it might be a little trickier.
Self-build mortgages can be complex, and in many cases, a bridging finance loan is the fastest option available. However, the interest costs and length of borrowing are a crucial consideration.
Options include:
There are many factors at play, and if you need a mortgage for a high value, lenders will be careful to assess every aspect of the mortgage application thoroughly.
When borrowing a significant amount of money, the term and rates are critical to ensure you do not pay over the odds. The business finance broker team has years of experience negotiating complex mortgages in many circumstances, offering independent whole-of-market advice.
Contact the team today on 0330 304 3040 or email us at info@revolutionbrokers.co.uk to get started with an enquiry.
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The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature. We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.
Revolution Brokers understands that mortgages can be complex and confusing!
Ask us any question you might have, and one of our skilled consultants will come back to you as quickly as possible.
