Large Loan Mortgage Advice
Large loan mortgage advice from a family-run specialist broker in Chorley. We have been handling high-value applications of £500,000 and above for over 20 years, working with clients across Lancashire, Greater Manchester and nationwide.
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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.
Large loan applications sit within our broader specialist mortgage advice service. We also advise on the full range of mortgage options including remortgages and buy-to-let at higher loan levels. Speak to one of our advisers to discuss your situation and we will tell you which lenders are most likely to accommodate your requirements.
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
We are experienced in presenting these cases clearly to lenders who will assess them properly. If you are self-employed or work as a contractor, the approach to income assessment at higher loan levels requires particular care — we know which lenders will view your income most favourably.
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.
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.
What other mortgage services do you offer?
As well as large loan mortgage advice, we advise on self-employed mortgages, contractor mortgages, mortgages for professionals, adverse credit mortgage advice, and mortgage advice for NHS staff. We also cover the full range of residential mortgage advice including remortgages and buy-to-let.
Why Choose Aspect Mortgages?
Independent and FCA regulated. We work for you, not for the lender
Whole of market access across 90+ lenders and leading insurers
Family run since 2004 with over 100 years of combined team experience
Local office, national reach. Serving clients across Lancashire, Greater Manchester and nationwide.
Real people, no jargon. Plain English, at your pace
Rated 5 stars across 460+ Google reviews. One of the most reviewed brokers in the North West
Fixed, transparent fee. One flat fee, no surprises.
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Areas We Cover
Remote advice offered nationwide.
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.
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.
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.
A Lifetime Mortgage may reduce the value of your estate and could affect your entitlement to benefits. To understand the features and risks please ask us for a personalised illustration.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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