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Appointed Representative of The Right Mortgage Network (FCA No. 1004260). Company No. 15189091. Registered in England and Wales.
Mortgages · Specialist
High Value Mortgages
“Bigger loans deserve a sharper approach.”
Borrowing a large amount is rarely just a bigger version of a normal mortgage. Lenders look closer, ask more questions and price things differently. We know which lenders are comfortable at your level.
FCA regulated · whole of market · 90+ lenders · 5 star reviews
Quick answer
A high value mortgage usually means borrowing around £1 million or more, though some lenders treat loans from £500,000 differently. Cases are underwritten by a person rather than a computer, which can open up higher income multiples, interest only and private banks. The main thing to know is that maximum loan to value often falls as the loan size rises.
Typical deposit
15% to 25% above £1 million
How lenders assess you
Full income and asset picture, by hand
When to start
Before you start viewing
Main thing to watch
LTV limits by loan size
How high value lending works
At this level an underwriter reviews your whole situation: salary, bonuses, share schemes, investments and future plans.
That opens up income multiples above 4.5 times, bonus income counted more generously, interest only or part and part repayment, and private banks that lend on wider wealth.
We compare mainstream lenders, specialist lenders and private banks side by side, then package the case so the underwriter has the answers before they ask.
Interest only and part and part
Interest only keeps payments down but needs a credible plan to repay, such as investments, pensions or sale of another property.
Part and part splits the loan so some is repaid and some is interest only, which many lenders prefer at this level.
Eligibility and what lenders assess
Who may qualify
High earners and those with significant assets buying or remortgaging £1 million or more.
Deposit and LTV
Often 15% to 25%, with lower LTVs for the largest loans.
Income and affordability
All income sources considered, including bonuses and dividends.
Credit history
Clean history expected by mainstream and private banks.
Property requirements
Unique or high value homes may need specialist valuations.
Common reasons for decline
Income that can’t be evidenced, or a repayment plan that doesn’t stack up.
What happens from first call to completion
1
Review your circumstances
A proper conversation about your income, commitments, plans and timescales before anything else.
2
Check affordability and criteria
We check what lenders will realistically offer and whose criteria you fit, before any credit search.
3
Compare suitable options
We compare the market on total cost, not just the headline rate, and explain the trade offs.
4
Prepare and submit the application
We package your documents so the underwriter has what they need first time.
5
Manage valuation and underwriting
We chase the lender, valuer and solicitor and deal with any questions that come up.
6
Receive your offer and complete
Once the offer is issued we keep things moving through to completion day.
Costs, risks and when it may not be suitable
Being upfront about this is part of doing it properly.
Costs to budget for
- Product and arrangement fees
- Valuation and legal costs
- Early repayment charges if you leave a deal early
- The total cost of borrowing over the full term, not just the initial rate
- A longer term lowers monthly payments but increases the total interest you pay
Risks to weigh up
- Private bank offers can depend on moving assets to them
- Interest only leaves the full balance to repay
- Your home may be repossessed if you do not keep up repayments on your mortgage
When it may not be suitable
- If your income is simple PAYE, a mainstream lender may be cheaper than a private bank
- If you can’t evidence a repayment strategy, interest only won’t be available
What you will need
The exact list depends on your lender, but this is what to start gathering.
Photo ID and proof of address
Bank statements (usually 3 months)
Details of credit commitments
Payslips, P60s and bonus statements
Share scheme or RSU statements
Investment and asset statements
Accounts or SA302s if self employed
How MBNM helps
- Assess your circumstances properly, not just your salary
- Compare suitable lenders and products across the whole market
- Check criteria before an application goes anywhere near a lender
- Explain the total costs and trade offs in plain English
- Manage the application and chase the people who need chasing
- Support you all the way through to completion
What it costs
Your first chat is free. If we can help, we will explain any fees before you decide whether to proceed. There are no hidden fees, and we will not move forward until you have agreed them.
High Value Mortgage FAQs
How much deposit do I need?
Can my bonus or share income be used?
Is interest only an option?
Do private banks only lend to the very wealthy?
Will it take longer?
Can you help with overseas income?
Talking larger numbers?
We’ll review your income and assets and tell you which lenders will be sharpest for your case.
Your first conversation is free and there's no obligation. If we can help, we'll explain any fees before you decide whether to go ahead.
Your home may be repossessed if you do not keep up repayments on your mortgage.