David Beckham has reportedly secured a huge mortgage to buy a luxury property. Which lenders offer £10 million mortgages in the UK?

by Aaron Strutt

May 01 2023

An article in the Daily Mail highlights that David Beckham has recently secured a £10 million mortgage for a lavish penthouse in Miami. 

It is claimed the former footballer, 48, will have to pay back more than £40,000 per month, with the repayment being bumped up to nearly £48,000 to include taxes.

David Beckham, the former Manchester United footballer, who is married to fashion designer Victoria, is said to have bought the £17.15million pad way up on the 59th floor of One Thousand Museum, which at 62 storeys and a height of 215m is one of the tallest buildings in the Floridian city.  

A range of banks offering £10 million+ mortgages

Trinity Financial offers bespoke lending solutions for 10 million pound mortgages in the UK and abroad. For high-net-worth and ultra-high-net-worth clients, Trinity Financial has access to some fantastic high-street lenders and private banks keen to offer leading large mortgage loans.

Our expert advisers work on an individual basis. Therefore, we work flexibly and do not confine clients to strict eligibility criteria. Whether a client wishes to purchase a new home, secure a second property in the UK, or invest abroad – everything is possible with Trinity Financial.

Which banks offering £10 million+ mortgages

Surprisingly some high street mortgage lenders like NatWest for Intermediares and HSBC for Intermediares will offer £10 million+ mortgages. However, there is a wide range of private banks in the large loan space. Coutts, Bank of Canada and Investec constantly provide large mortgages, although they all charge different rates and have varying arrangement fees. 

How much do you need to earn to access a £10 million mortgage?

Generally, clients tend to earn at least £300,000 per year or have assets of £3 million to qualify as a high-net-worth borrower. 

Trinity Financial can help clients who are deemed ‘high net worth individuals’ access large mortgages to buy those unique properties. Likewise, those with unconventional forms of income will also be considered for a mortgage application.

For example, clients can use the following as part of their proof of income or assets:

• Unencumbered properties in London or overseas
• Investment property portfolios onshore and offshore
• Bonuses and retained business profits
• Funds generated from family companies based generated across the world
• Income via trusts

Private banks can use ‘non-standard’ forms of income, including foreign income. Our brokers provide expert advice and funding for clients with substantial investments, such as stocks or bonds. 

How many £10 million-plus properties sell in London?

According to Knight Frank estate agents, a combined total of £3.1 billion was spent on 161 super-prime properties in the year to March 2023.

The highest number of £10 million-plus deals in London took place in Kensington (26), followed by Belgravia (25) and Mayfair (22). One of the standout sales was to a Swiss billionaire, who splashed £92 million on a 19th-century Belgravia mansion with 82 rooms.

Private bank mortgages

Some private banks are well known for issuing larger loans to borrowers with smaller deposits, while others will lend to overseas buyers using income from multiple sources.

Ultimately if your finances are relatively straightforward and you have a good income and a larger deposit, the high street may be the most cost-effective option. Even at £10 million. In contrast, private banks may be the best option if you have a complex financial situation, are based overseas, want an ongoing relationship, and potentially a dedicated personal banker.

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation 

The information contained within was correct at the time of publication but is subject to change.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage