Large Mortgages

Obtaining a large mortgage involves the same basic principles as securing a smaller loan; lenders will evaluate your creditworthiness and ability to repay the borrowed amount.

Key factors include your income and the size of your deposit. While the process remains consistent regardless of whether you’re borrowing £300,000 or £3 million, finding lenders willing to offer large mortgages over a certain threshold can be more challenging, potentially leading to higher rates or increased denial rates.

For a large mortgage, the minimum required deposit is typically 15%.

Additionally, some lenders may consider securing loans against non-property assets, providing more flexibility in loan arrangements.

A mortgage based on Assets Under Management (AUM) is often facilitated by private banks, where the lender also manages additional assets on your behalf, such as a stock and share portfolio.

This approach provides the lender with added security, potentially allowing for a higher loan-to-value (LTV) ratio or a greater income multiple than standard mortgages.

Dry lending refers to a traditional mortgage arrangement where the lender’s security is solely the property being mortgaged.

Unlike other arrangements that may involve additional assets for security, dry lending does not encumber assets other than the property itself.

Yes, some lenders offer the flexibility of making annual mortgage payments, which can be particularly advantageous for borrowers who receive significant annual bonuses and prefer to align their mortgage payments with this income schedule.