🏡 What Is a Large Mortgage?
A large mortgage typically refers to borrowing over £500,000, although the threshold can vary by lender. These loans require a more tailored approach because lenders apply stricter criteria and more in-depth affordability checks.
If you’re purchasing a high-value property or refinancing an existing large loan, it’s essential to work with a broker who understands this niche area of the mortgage market.
💷 How Much Can You Borrow?
The amount you can borrow depends on a few factors:
- Your income and employment status
- Deposit size or equity
- Monthly outgoings and existing credit commitments
- Lender-specific affordability models
Some lenders offer loans of up to 5 or even 6 times income, especially to high-net-worth individuals or those in certain professions.
If you’re self-employed or have complex income, a specialist broker can help present your case properly to lenders who are open to more flexible assessments.
🧾 What Documents Will You Need?
You’ll need more paperwork than with a standard mortgage, including:
- Proof of income (payslips, P60s or tax returns)
- Bank statements
- Asset and liability statements
- Details of bonuses, dividends or other income streams
- Company accounts (if self-employed or a business director)
High-value mortgage lenders often ask for a full picture of your financial situation—not just the basics.
📊 Why Use a Specialist Broker?
Mainstream lenders don’t always offer the best options for large mortgage loans. High-value borrowing often means:
- Bespoke underwriting
- Access to private banks or specialist lenders
- Custom interest rate structures
- More negotiation power
A broker can approach the right lenders on your behalf, helping you avoid unnecessary credit checks and delays.
🏠 Large Mortgage on a High-Value Property
If you’re buying a high-value home, lenders may apply maximum loan-to-value (LTV) caps—especially above £1 million. A larger deposit will give you more flexibility and access to better rates.
Example:
- Property value: £1.5m
- Deposit: £300k (20%)
- Mortgage needed: £1.2m
- You’ll need to pass strict affordability tests to qualify
❗ Things to Consider
- Interest rates can vary significantly on large loans. Even a small difference (e.g. 0.25%) can mean thousands over the mortgage term.
- Early repayment charges can be higher—watch out for long tie-ins.
- Private banks may offer more flexible terms but require you to move assets or investments to qualify.
📞 Speak to a Large Loan Mortgage Specialist
If you’re looking for a high-value mortgage, the right advice makes all the difference. We’ll connect you to a broker who specialises in large loans and understands how to structure the deal around your unique circumstances.
✅ Access to specialist and private lenders
✅ Tailored advice for high-income and complex situations
✅ Maximise your borrowing potential
Speak to a specialist today – Enquire Here