Mortgage brokerin City of London

Yes — and this is a specialist area where we add significant value. Many City of London residents are company directors, partners at financial firms, or contractors whose income includes bonuses, dividends, and carried interest. We work with lenders who assess self-employed and complex income mortgages on a case-by-case basis, often lending more than standard high-street calculations would suggest.

Standard rates on a £760,000 purchase total £28,500: 0% on £125k, 2% on £125,001–£250,000 (£2,500), and 5% on £250,001–£760,000 (£25,500). If purchasing as an additional property or buy to let, a 5% surcharge applies across all bands, bringing the total to £66,500. City of London properties are almost exclusively leasehold Barbican-estate flats, which can affect lender appetite — we advise on this.

City of London residential property is rare and commands premium rents from City workers, international short-let tenants, and pied-à-terre buyers. The Barbican estate specifically has a loyal and deep rental market, and void periods tend to be low given the unrivalled central connectivity. Gross yields are typically 3–4%, but the combination of scarcity and capital preservation makes City residential property a popular choice for sophisticated investors.