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MillionPlus Journal
Market intelligence, case studies and expert commentary on property, luxury asset finance, crypto-backed lending and private wealth.

A specialist broker is essential for securing a large mortgage because they provide access to private banks and off-market products unavailable on the high street, and possess the expertise to structure complex income.

Interest-only mortgages for high-value properties allow borrowers to pay only the interest monthly, keeping payments low. The full capital is repaid at the end of the term using a pre-agreed asset, such as an investment portfolio or property sale, a structure favoured by HNW individuals for cash flow efficiency.

The standard Stamp Duty Land Tax (SDLT) on a £2 million residential property in England or Northern Ireland is £153,750. This amount can increase significantly if it is an additional property or purchased by a non-UK resident.