Large Loan mortgage Advice
Borrowing a larger sum - whether that is £500,000, £1 million, or more - involves a different set of considerations to a standard mortgage. The lender pool narrows, the underwriting is more detailed, and the way your income and assets are assessed matters more than ever.
Getting it right from the start saves time, protects your credit file, and often means a significantly better outcome.
At Aspect Mortgages, we work with the full range of lenders - from high street banks to specialist lenders - to find the right solution for high-value mortgage applications. We have been doing this for over 20 years, and we understand how to structure and present complex applications to the lenders most likely to say yes on the best terms.
Thinking about a larger mortgage and not sure where to start? Call us on 01257 812345 or enquire below.
Over 20 years of experience dealing with larger loan sizes and presenting them to both high street and specialist lenders.
One adviser, start to finish You'll deal with the same adviser throughout your entire journey. They'll know your case inside out and be on hand whenever you need them.
Everything in one place, securely Our secure client portal lets you share documents, view your credit file, and follow your case progress at any time - from any device. It's a simpler, faster way to keep things moving.
Independent advice - we're not tied to any lender or panel.
No increased fees - we won't punish you with a higher fee for needing a higher loan, our standard £495 fee still applies.
What counts as a large loan mortgage?
There is no single industry definition, but in practice the market splits broadly into two tiers:
£500,000 to £999,999. At this level, many mainstream lenders are still available, but their criteria become stricter - particularly around loan-to-value limits, income multiples, and how complex income is assessed. Some high street lenders will cap the LTV on larger loans, meaning you may need a bigger deposit than you would expect. Having a broker who knows which lenders are most competitive at this level makes a real difference.
£1,000,000 and above. This is where it becomes genuinely specialist. Most standard lenders have upper loan limits, and above £1 million you are typically looking at a smaller group of specialist lenders and bespoke underwriting. These lenders often have more flexibility - particularly around complex income, interest-only arrangements, and non-standard property - but they require a well-structured application. We know which lenders to approach and how to present your case.
Types of income we commonly see at this level
Large loan applications often involve income structures that go beyond a straightforward salary. We regularly work with clients whose income includes:
High basic salary with significant annual bonus
Directors' salary and dividends from a limited company
Self-employed income from sole-trader businesses or partnerships
Investment income - rental income, dividends, interest
Retained profit held within a company
Income from multiple employments or directorships
Each of these is assessed differently by different lenders. We will look at your full income picture and find the lender whose criteria works best for your specific situation.
What do lenders look at differently for larger mortgages?
1. Income assessment
For larger loans, how your income is structured matters more. Lenders look closely at the composition of your earnings - particularly if you have bonuses, dividends, investment income, or income from multiple sources. Some lenders will only use a percentage of variable income; others will consider it in full with the right evidence. We will identify which lender's assessment method gives you the best borrowing capacity.
2. Income multiples
Most lenders apply different criteria for income multiples for loans over £500,000. This can make a significant difference to what is achievable, particularly for high earners with complex income structures.
3. Loan-to-value (LTV) ratio
Above certain loan thresholds, many lenders reduce the maximum LTV they will offer. This can mean a larger deposit is required than the headline rates suggest. We will be clear with you upfront about what deposit is needed at the loan size you are looking for.
4. Property type
High-value properties sometimes come with characteristics that require specialist assessment - unusual construction, listed buildings, large acreage, or non-standard features. We work with lenders experienced in high-value property and can advise on any valuation considerations early in the process.
Why Choose Aspect Mortgages?
Independent and FCA-regulated - we work for you, not for the lender
Whole of market - access to thousands of mortgage products from across the market
Based in Chorley, serving clients nationwide - we advise clients across the UK from our Chorley base — by phone, video call, or in person
The best of technology and people - cutting-edge mortgage technology, but you'll always deal with a real person who knows your situation
No jargon - everything explained clearly, at your pace
Fixed, transparent fee - A fixed £495 fee, only payable when your mortgage offer is issued. No percentage-based charges, no surprises.
What Our Clients Say About Aspect Mortgages
With over 400 five-star reviews across Google and Facebook, we're proud to be one of Lancashire's most trusted independent mortgage brokers. Here's what some of our clients have to say.
Frequently Asked Questions
How much can I borrow for a large loan mortgage?
It depends on your income, outgoings, deposit, and the lender. Most lenders use an income multiple of 4.5 times salary as a starting point. At higher loan levels, specialist lenders will take a different approach to affordability, which is where the services of an experienced broker become essential. We will give you a realistic picture of what is achievable before you proceed.
Do I need a bigger deposit for a larger mortgage?
Not necessarily, but above certain loan thresholds many lenders reduce the maximum LTV they will offer. We will be clear with you upfront about what deposit is required at the loan size you are looking for, so there are no surprises later.
I'm a limited company director — how will my income be assessed?
Most lenders will use your salary and dividends. Some will also consider net profit in the company, which can increase what you're able to borrow. We'll identify the lender whose assessment method works best for your income structure.
My income includes bonuses and dividends, will that count?
Yes, with the right lender. The key is knowing which lenders will include variable income in full and which will only use a proportion. We look at the whole income picture and match you to the lender whose assessment method works best for your figures.
Do I need to use a specialist bank for a mortgage over £1 million?
Not always. Some high street lenders will lend above £1 million if your income and circumstances are straightforward. If your income is more complex, or you need more flexibility, specialist lenders and private banks are often better placed. We will compare across all options.
How is a large loan mortgage different from a standard one?
The process is broadly the same, but the underwriting is more detailed, the lender pool is smaller, and how your application is presented matters more. A well-structured application submitted to the right lender makes a significant difference to both the outcome and the terms you are offered.
Ready to discuss your large loan mortgage?
Whether you are at the early stages of planning or ready to move forward, we are happy to have a no-obligation conversation. We will look at your income and circumstances in full and give you an honest view of what is achievable - and with which lenders.
Simply enquire below and we'll be in touch or call us directly on 01257 812345.
Aspect Mortgages is based in Chorley, Lancashire, but we work with clients nationwide. Whether you prefer to meet us in person at our offices or speak with one of our advisers by phone or video call, we can help you wherever you are in the UK.
We have particular experience serving homeowners and buyers across Lancashire and Greater Manchester, including Preston, Chorley, Leyland, Bamber Bridge, Southport, Skelmersdale, Ormskirk, Wigan and Bolton.
We offer specialist mortgage and financial advice across a wide range of needs, including first-time buyers, home movers, remortgages, buy-to-let, product transfers, self-employed applicants, contractors, professionals, NHS workers, large loans, adverse credit and equity release.
Fees
There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £495 for a residential/buy to let mortgage or £1495 for an equity release/retirement mortgage.
Important Information
Aspect Mortgages Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/s/) under FCA reference 305352. The FCA do not regulate Business Buy to Let Mortgages or Estate Planning.
As independent advisers we have access to the whole market, except for deals that you can only obtain by going direct to a lender. Registered in England and Wales No: 051013801. 16 St Thomas' Road, Chorley, PR7 1HR.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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