£1m-plus mortgage borrowers pay over the odds

Interest rate disparity could add nearly £2,500 per month to the cost of servicing a £5m mortgage.

The clients: Our clients wanted to purchase a property for…...

On Bridging Finance Our client was selling his home and…...

The client: Like many buyers, our client wanted to move…...

Repayment:£0.00pcm

Interest Only:£0.00pcm

Property is a buy-to-let or second home

I am a first-time buyer

Stamp Duty:£63,750.00

Effective Rate:5.31 %

Have mortgage rates hit the bottom?

Borrowers have been spoilt for choice in recent weeks with super low mortgage rates of sub-1 per cent

The mortgage market is so competitive that hardly a day goes by without another lender launching a sub-1

As mortgage rates continue to fall, not all lenders can compete, with some turning their attention to improving

The combination of rising property values and low mortgage rates make it a good time to consider refinancing

Working for yourself as a business owner, day-rate contractor or freelancer gives you more flexibility than working full-time

Tax Band	%	Taxable Sum	Tax
less than £500k	0	£0	£0
£500k to £925k	5	£425,000	£21,250
£925k to £1.5m	10	£575,000	£57,500
rest over £1.5m	12	£3,500,000	£420,000