Large Mortgages.

Large mortgages are loans used to purchase expensive properties. They usually have stricter criteria and conditions compared to standard mortgages. 

We work with clients in Gloucestershire and across the UK. If you’d like to apply for a large mortgage, Blueprint Financial Solutions will provide tailored mortgage advice and carefully plan your application from start to finish.

Our team of mortgage advisers uses a proven approach. We start with a detailed consultation to help us understand your needs and financial goals. Our tailored support and advice will then help you find the most suitable large mortgage for your circumstances.

Through accessing the whole of market for mortgages and our membership of the Quilter Financial Planning network, we secure exclusive, competitive deals.    

What is a Large Mortgage?

Large mortgages are loans for a higher amount than standard mortgages. Borrowing thresholds vary, but a loan of £500,000 or more is usually considered a large mortgage. If you’re purchasing a high-value property or you are looking to buy in an expensive area, you might need a large mortgage. 

Because of their size, lenders often view large mortgages as riskier than standard loans, so they may have much stricter approval criteria. During your application, a detailed affordability check will be carried out by your lender. You will usually need a high income, an excellent credit history, and a larger deposit compared to a standard mortgage deposit.

Due to the risks associated with large mortgages, they often have higher interest rates compared to standard mortgages. You might be able to secure a competitive rate if your finances are strong or you have valuable assets. 

You should plan carefully and get expert advice before you apply for a large mortgage. It’s important to use an experienced adviser because they will understand the market and the large mortgage application process. Using professional support will help you decide if a large mortgage could be a suitable option for you.

What is the Biggest Loan I Can Obtain?

Borrowing limits vary according to lenders and locations. However, a few factors will be used to decide how much you can borrow, including the area you’re buying in and your lender’s policies. If you need a mortgage for over £1 million, you’ll usually need to use a lender that is a specialist in large mortgages.

Lenders look carefully at your finances when deciding how much you can borrow. The size of your deposit, income and credit history will all be assessed before a decision is made. You might be accepted for a bigger loan if you’re a high earner or you have a large amount of savings. Some lenders consider your property’s future value when deciding how much to lend, especially in an expensive location. 

Your affordability is extremely important. Your monthly income and living expenses help lenders decide if you can afford the mortgage repayments. You must consider how much you can comfortably afford to pay each month as well as allowing for your everyday living costs. If your debts are low, you have strong finances and a high credit score, you’re more likely to be approved for a large loan.

Who is Eligible for a Large Mortgage?

You might be eligible for a large mortgage if you have solid finances and you are looking to buy a high-value property as a home or a financial investment. High-net-worth individuals who have significant assets, such as investments, businesses or other properties, are also likely to be eligible to borrow a large amount of money. Those earning from multiple income streams and who have more complicated finances might also qualify for a large mortgage.

If you’d like to buy a luxury home or are looking to buy high-value properties as investments, a large mortgage could be right for you. You’ll usually be viewed by most lenders as less risky than standard mortgage applicants because of your strong finances, which can include properties, assets and dividends. This means you’ll often secure better terms, including lower interest rates and the option of flexible repayments.

During your large mortgage application, you’ll need to prove to lenders that you can easily afford the mortgage repayments. Any existing financial commitments, along with your credit score and income, will be assessed by lenders. If you have a large deposit or equity in other properties, your chances of being approved are higher.

You might be asked for detailed proof of earnings. If you’re self-employed, lenders will often want to see your tax returns and financial statements. They’ll use these documents to help them build a picture of your finances and decide if you can easily repay your mortgage on time.  

What Are the Criteria for a Large Mortgage?

Large mortgages usually have stricter approval criteria compared to standard mortgages because lenders view higher loan amounts as riskier. 

If you’re considering applying for a large mortgage, you’ll need a high annual income, usually exceeding £300,000. Alternatively, you might have multiple strong sources of income. These prove to lenders that you can afford the mortgage repayments.

You’ll need a large deposit, usually 20% or more of your property value. The bigger your deposit, the less risky you appear to lenders and the more likely you are to be approved.

An excellent credit score, usually 700 or higher, shows lenders that you have a strong history of reliably managing debts. However, it’s important to keep your debt-to-income ratio low. Lenders look favourably upon debts that only take up a small amount of your income because it leaves room for your mortgage repayments. 

You’ll need to prove your income and assets to lenders. Your tax returns, pay slips, business bank statements, and any other proof of income will need to be sent to the lender to be analysed. Your finances will be looked at in great detail, so you must make sure you’re financially stable before applying for a large mortgage.

Having a steady, high income, significant savings or investments and a high credit score all help show lenders that you can manage a large mortgage. Comfortably meeting these criteria could mean that a large mortgage is suitable for you and your circumstances. 

How Can Blueprint Financial Solutions Help You Secure a Large Mortgage?

Applying for a large mortgage is likely to be one of the biggest financial commitments you will make, so it’s important to choose the right mortgage option for you. Our experienced mortgage advisers will help you find the right mortgage deal for you, simplifying and guiding you through the process from application and conveyancing to agreement. 

We use a detailed consultation to help us fully understand your financial situation, goals and long-term plans. We then use this information to give you personalised advice on the most suitable large mortgage options available to you.

Our membership of Quilter Financial Planning network gives us access to the whole of market for mortgages, including exclusive large mortgage products with competitive terms. In addition to securing the most advantageous interest rate for you, we ensure that your mortgage is personalised to your individual background and finances.

Large mortgages usually have complex loan structures and conditions that can be tricky to understand. Our experienced team will help you understand these easily, managing the whole process step by step. We liaise with solicitors, conveyancers and estate agents, simplifying jargon and keeping you informed along the way.

Flexibility is important, and we continue to provide support once your large mortgage application has been approved. We help you to adjust your mortgage terms as your financial circumstances change over time. We offer personalised ongoing support, building a trusted relationship with you and making your large mortgage experience smooth, stress-free and simple.      

Talk to our mortgage professionals and find out if a large mortgage is right for you. We’ll help you plan ahead and understand all your options.

Getting started early with your financial planning can help you organise your finances, avoid delays and secure the most advantageous mortgage terms.

Our tailored advice services help you make informed decisions and find the most suitable large mortgage for you.

Fill in our contact form or email info@blueprintfs.co.uk.

If you’d prefer to speak to us, call us on 0800 644 6402.

Book your consultation today and take the first step towards securing a large mortgage!