Large Mortgages

Standard lenders typically offer 4-4.5x income, but specialist lenders go to 5-6x for high earners, certain professions (doctors, lawyers, accountants), or with significant assets. Some lenders consider total wealth, not just income. On a £150,000 salary, you might borrow £600,000-£900,000 depending on the lender. Joint applications multiply this. We know which lenders offer the highest multiples for your profession and circumstances.

High earners often have complex income—base salary, bonuses, dividends, investments, rental income, overseas income. Specialist lenders understand this complexity and assess your full financial picture, not just basic salary. They'll consider guaranteed bonuses, average bonuses over 2-3 years, and sustainable income streams. Company directors can use retained profits. We present your income in the best light to maximise borrowing.

High-value and unique properties require specialist valuers who understand the premium market. Standard automated valuations don't work for properties over £1-2 million or unique/period properties. Lenders use RICS valuers experienced with premium properties. Location matters hugely—prime London postcodes valued differently than equivalent properties elsewhere. Be prepared for conservative valuations and have evidence of comparable sales ready.

Large mortgages often require smaller LTV percentages. While you might get 90-95% LTV on a £200,000 property, expect 75-85% max on properties over £1 million. On a £2 million property, you'd typically need £300,000-£500,000 deposit (15-25%). However, the LTV requirement can mean lower interest rates. Some private banks offer better terms for clients with significant overall wealth even if the property LTV is high.

High street lenders have maximum loan amounts (often £500,000-£1,000,000). For larger mortgages, private banks and specialist lenders step in. They offer bespoke service, flexible criteria, and consider overall wealth relationship. Interest rates may be higher, but they'll lend amounts and on properties mainstream lenders won't touch. They're also more flexible with income assessment and international clients.

Large mortgage applications require comprehensive documentation: 2-3 years' tax returns, SA302s, accountant references, proof of deposits/assets, explanation of wealth sources, sometimes credit reports from multiple agencies. International income needs translation and verification. The more complex your finances, the more documentation required. Being organised and transparent speeds up the process significantly. Professional presentation of your financial position is crucial.