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Here you’ll find helpful information on securing a large mortgage as a high net worth borrower. We talk about deposits, interest rates, AUM and dry lending, the process and more. You can also use our best buys tool to compare mortgage deals.
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You can use our comparison tool to look at mortgages currently on the market in the UK, however it’s worth noting that not all specialist mortgage lenders publish their rates. Therefore, we recommend you speak to an adviser for a more accurate picture of the mortgage deals and rates available.
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A large mortgage loan typically refers to a larger than average amount of money borrowed to finance the purchase of a property. The specific threshold of a large mortgage loan can vary, but it’s usually a loan of at least £750,000 – £2 million or more. This is because you’ll typically have to be a higher or additional rate taxpayer in order to be eligible. These larger mortgages are often used to purchase high value properties in more expensive areas. Due to the increased risk for lenders, large mortgage loans can mean larger deposits, higher interest rates and entail stricter eligibility criteria.
Some of the common types of large mortgage loans include the following:
When considering a large mortgage loan, you need to think about your circumstances, appetite for risk and financial goals. Consulting an independent mortgage broker like John Charcol can help you choose the right type of large mortgage loan for your needs.
Most high street lenders in the UK offer mortgages of up to £5 million with a handful stretching to £10 million. Typically, the maximum LTV (loan-to-value) for a large loan is 85%.
Borrowers will often use high net worth mortgage brokers like John Charcol because we understand complex and unique situations and we can source bespoke deals from the right lenders. We handle everything for you – so you can spend your time on more important things.
The minimum deposit for a large mortgage is 15%.
John Charcol can also find lenders that will consider loans secured against some forms of existing assets that aren’t property.
As of September 2025, the average fixed mortgage rates from mainstream lenders for well-qualified borrowers with large deposits typically range between 4.3% and 4.4% for 2 to 5 year fixed terms at around 75% LTV. However, it’s worth noting that averages don’t always reflect the best-buy deals currently available, with some options coming in below 4%.
Specialist large loan providers, such as private banks, may still offer bespoke deals, but these are often more expensive and depend heavily on the borrower’s individual circumstances.
There are 2 ways in which a large mortgage lender might offer you a mortgage; both have benefits and downsides which you’ll need to consider and discuss with your mortgage adviser:
Due to the bespoke nature of large mortgage loans, it’s sometimes possible to structure the monthly mortgage payments in a way that better suits your personal circumstances. For example, this may involve an annual rather than monthly mortgage payment to coincide with annual bonus payments.
Your mortgage broker will discuss these options with you and work with the lender to find the solution that best meets your needs.
Large mortgage loans are assessed the same way as smaller mortgages. Your lender will assess your creditworthiness, including your credit score, and ensure you can afford the mortgage loan. They’ll look at your employment history, property valuation, your age and loan term, debts and outgoings, etc.
The main difference with qualifying for a large mortgage is that the lender will likely have higher income requirements in order to ensure you can afford the mortgage and a larger minimum deposit requirement to negate risk.
It’s also worth noting that if you want to borrow more than £5 million and/or have a variety of income sources such as investments, then you may want to consider a specialist lender who can look at lending more and take alternative income sources into account when assessing your application. To access these lenders you’ll likely need a mortgage broker such as John Charcol who can help you find a lender that will allow you to borrow more and give you the best deal.
Although the requirements can be stricter and you may have bespoke needs, ultimately, if you have a good credit history and meet the lender’s criteria, the mortgage process itself won’t be any different whether you’re applying for a £200,000 or £1 million mortgage.
Large loans offer the financial flexibility required for substantial investments, whether you’re acquiring a high-value property, consolidating significant debts, or financing major projects. With tailored terms and competitive rates, these loans are designed to align with your specific financial needs and objectives. Securing a large loan calls for expert advice to ensure you benefit from the most favourable terms and repayment options. At John Charcol, we’re here to guide you through the complexities of large loan financing, helping you pursue your ambitions with confidence and make the most of your financial opportunities.
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When you phone us, you can either arrange a phone appointment with your adviser or a face-to-face meeting – whatever suits you. Your adviser will ask you some questions then go away and find you the best deal for your circumstances and future needs. They’ll organise a follow up during which they’ll present you with what they’ve found.
Once you’re happy with your adviser’s recommendation, they’ll go about securing your DIP (Decision in Principle) – which is basically a promise from the lender that they’ll loan you money on the condition that the information you’ve provided is correct and subject to a valuation of the property.
After you’ve secured a DIP (Decision in Principle), you’ll be in a great position to make an offer on a property. Sellers like DIPs. They show you can afford the purchase. What’s more, the fact that you’ve already started preparing for the transaction highlights to them that you’re serious in your intention to buy.
Following the acceptance of your offer, we’ll send you some information which explains all the documents we need to submit to the lender. You’ll be assigned a client relationship manager who’ll check and submit certified copies of your documents; they’ll liaise with both you and the lender. Your adviser will then submit the fully packaged mortgage application.
The lender will underwrite your application; this basically means they’ll verify that the information you’ve provided is correct and review all your documents for themselves. They’ll also instruct a valuation for their purposes on the property you want to buy to make sure there are no significant problems with it.
If the lender is happy with everything they’ve found, they’ll send you a mortgage offer. They’ll also send us a copy.
After you’ve accepted your mortgage offer, you’ll go through the legal part of the process, known as conveyancing. This is where the solicitors/conveyancers draw up contracts and organise the actual, legal purchase of the property. You’ll also need to arrange buildings insurance at this stage, making sure it’s in place from exchange.
Once everything is in place, your conveyancer/solicitor will exchange contracts with the seller’s conveyancer/solicitor. If your deposit is coming from savings or a gift, then it’s at this point that you put the deposit down and are legally bound to the property. You’ll lose your deposit if you pull out after exchange. If your deposit is coming from the sale of your current property, then it’s transferred at completion as part of the whole purchase. The purchase completes when the money is transferred on an agreed-upon date. This is when you get the keys to your new home.
Life insurance protects you, your family and your home, including if you’re unable to meet your financial obligations due to illness, accident or even death. Get a quote now.
If you’re purchasing a property, you’ll need a conveyancer. Luckily, John Charcol can refer you to an experienced conveyancer that suits your budget and timeline.
There are high street lenders that provide mortgages for up to £7.5 million. If you have complex income and/or assets it’s best to use a specialist broker with experience in large mortgage loans like John Charcol to ensure you get the best deal for your circumstances.
As a high-net-worth individual it can be more difficult to get a lender to understand your circumstances and cater to your complex requirements without the help of an expert broker. This is because:
A specialist mortgage broker with experience servicing high-net-worth individuals will be able to make this process easy for you.
Large mortgages for residential purposes can take around 6 weeks on average with a specialist mortgage broker, assuming there are no significant issues.
It is possible to secure a large mortgage loan without using a specialist broker. However, high-net-worth borrowers tend to have complex circumstances and often require bespoke deals which can be a lot of hassle to source and arrange. Using a mortgage broker makes this process a whole lot easier, saves you time and ensures you get the best deal for your situation. It’s important you use a high-net-worth broker that will provide you with an entirely excellent service. John Charcol have years of experience in this area and will manage everything for you with efficiency. We know what will suit your needs, are experts in understanding very complex income structures and always provide a smooth and discreet service.
It is possible to take out a large buy-to-let mortgage. It’s best to use a specialist mortgage broker like John Charcol if you want to save time, money and ensure you get the best deal on the market. See our page for more information on buy-to-let mortgages. Alternatively, learn more about limited company buy-to-let mortgages and portfolio landlord mortgages.
Closing costs are the additional charges incurred during the process of purchasing a property. These costs ensure that the transfer of the property’s ownership goes through smoothly and legally.
These costs typically include:
These costs will vary depending on your location, the type of mortgage and the property’s purchase price but as a starting point, try budgeting around 3% – 5% of the property’s value to go towards these additional costs.
It’s worth noting that as you’re applying for a large loan, you’re probably looking to purchase a more expensive and possibly larger property, which can increase the amount of Stamp Duty you’ll pay and the price of things like valuations and home insurance.
You can get an idea of the kinds of additional costs you may face by using online calculators, such as our Stamp Duty calculator, comparing providers, and speaking to your solicitor and mortgage broker.
Book an appointment with an adviser today and we’ll help you work out which mortgage deal is best for you and your requirements.