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Savills sells UK&#39s largest mortgage

Savills Private Finance has overtaken Chase De Vere Mortgage Management as the broker behind the largest-ever mortgage arranged in the UK – a staggering £15.2m deal.

The loan, arranged by Savills&#39 managing director Mark Harris, was taken out by an unnamed foreign businessman on a five-storey property in plush Belgravia in central London.

Chase De Vere arranged what was believed to be the largest-ever residential mortgage in 2001, at £12.9m.

The latest deal was arranged after several weeks of negotiations and is believed to be a five-year tracker at 1.25% above base rate.

Simon Tyler, managing director of Chase De Vere, says: “We&#39re delighted for Savills. This shows that there is a demand for top-quality advice. High net worth clients may need to take out a mortgage because they have their money tied up in stocks and shares and prefer not to buy outright.”

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