Large Mortgage Loans Guide - Home Me Mortgages
What is a Large Mortgage Loan?
A large mortgage loan typically refers to borrowing over GBP £500,000 - though some lenders set the threshold higher.
These mortgages are often for:
- High-value residential properties
- Second homes
- Large investment purchases
With larger loans, lenders take a more bespoke and detailed approach to affordability and underwriting.
Who Are Large Loans Suitable For?
- Professionals with high, stable income
- Business owners or self-employed individuals
- Property investors or high-net-worth individuals
- Sports professionals, entertainers, or international clients
Even with high income, structuring the mortgage efficiently is key.
How is Affordability Assessed?
Lenders take a deeper dive into your finances:
- Base salary and bonuses
- Dividends and retained profit (for company directors)
- Investment income or rental portfolio
- Assets, savings, and liabilities
High-net-worth clients may have access to custom underwriting and exceptions to normal rules.
What Income Multiples Can I Expect?
- Most lenders cap at 4.5 to 5.5x income for large loans
- Some private banks and specialist lenders can stretch to 6-7x depending on profile
Example: GBP £150,000 income × 5.5 = GBP £825,000 potential mortgage
At higher loan sizes, lenders often go beyond simple affordability formulas - considering assets, career stage, and long-term earnings.
Deposit Requirements
- Minimum deposit is usually 10-15%, but 20-40% is preferred for high-value homes
- For loans over GBP £1m, expect stricter criteria and a deeper risk assessment
Bigger deposits unlock more lenders and lower rates.
Specialist Lenders & Private Banks
For loans above GBP £1 million, private banks often offer more flexible terms:
- Interest-only options
- Bespoke underwriting
- Asset-backed lending
- Foreign currency income support
These lenders care more about your overall financial position than just income multiples.
Complex Income? No Problem
We work with lenders who understand:
- Self-employed income across multiple businesses
- Bonuses, RSUs, and commission structures
- Income from international contracts
- Earnings from sports, music, or entertainment
We know how to present complex income clearly to underwriters.
Fixed, Tracker, or Interest-Only?
Larger loans come with tailored product choices:
- Fixed Rates: Peace of mind over monthly payments
- Tracker Rates: Benefit from rate reductions if base rate drops
- Interest-Only: Lower monthly payments, repay capital later (subject to criteria)
Some lenders allow hybrid solutions - part repayment, part interest-only.
Documents You’ll Need
- 2 years’ accounts or SA302s (self-employed)
- Latest payslips and P60 (employed)
- Proof of bonuses or commissions
- Asset and liability breakdown
- Bank statements (typically 3-6 months)
Private lenders may ask for portfolio summaries or accountant reference letters.
Why Use a Broker for Large Loans?
- Access to private banks and specialist lenders
- Presentation of your case for maximum flexibility
- Advice on structuring the loan for tax and cash flow efficiency
- Faster decision-making with expert packaging
The right broker can open doors that standard banks won’t.
Why Choose Home Me Mortgages?
- Experienced in large loans for high-net-worth individuals and professionals
- Access to over 100 lenders and exclusive private banking contacts
- Discreet, efficient, and confidential service
- We take the time to understand your full financial picture
Let’s tailor your mortgage to match your lifestyle, income, and long-term goals.