Million Pound Mortgages

We provide whole-of-market advice for buyers, homeowners, and investors borrowing £1 million or more, helping borrowers identify which mainstream, specialist, and private bank lenders will consider the loan and how the application should be structured.

Million Pound Mortgages Must Be Structured Correctly Before a Lender Will Proceed

Million pound mortgages are underwritten differently from standard loans because most high street lenders apply large loan policies once borrowing passes their internal threshold. Income type, repayment structure, loan to value, and the property itself all affect which lenders will consider the case, and applications that fit one lender’s large loan policy may fall outside another’s entirely.

Specialist Placement for Homebuyers, Landlords, and High Net Worth Borrowers

We help residential buyers, remortgaging homeowners, portfolio landlords, and high net worth individuals arrange million pound mortgages across mainstream lenders, specialist lenders, and private banks. Correct lender matching depends on how income is earned, whether interest only is required, and whether assets can support the application, reducing the risk of delay or decline.

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Comparing lenders for a million pound mortgage

Borrowing at this level is not limited to private banks. Some high street lenders offer million pound mortgages through their standard or premier ranges, while specialist lenders and private banks can accommodate more complex income, interest only requirements, or multi-million pound borrowing that falls outside mainstream policy.

When comparing million pound mortgage lenders, the headline interest rate does not tell the whole story. Lenders vary in how they treat bonus and self-employed income, the maximum loan to value they will offer at this loan size, and whether interest only is available.

A full assessment should consider:

• Loan size band: £1 million, £1.5 million, £2 million, or multi-million pound borrowing
• Income type: employed, bonus-led, self-employed, investment, or foreign currency income
• Repayment type: capital repayment, interest only, or part and part
• Loan to value available at the loan size requested
• Property type and location, including prime and non-standard property
• Whether the borrower meets the Financial Conduct Authority (FCA) high net worth exemption

Assessing these factors together gives a realistic view of which lenders are likely to offer the most suitable million pound mortgage, rather than relying on a single lender’s headline rate alone.

Types of Million Pound Mortgages

Lender appetite for a million pound mortgage depends heavily on the property use, the borrower's income structure, and the total loan size. The sections below cover the most common scenarios searched for by buyers, homeowners, and investors.

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Income Structure Outside the Lender's Policy

Income Structure Outside the Lender’s Policy

Bonus-heavy, self-employed, or foreign currency income that falls outside a lender’s large loan policy is the most common reason for decline, even where the borrower can clearly afford the loan.

Loan to Value Too High for the Loan Size

Some lenders reduce their maximum loan to value as the loan size increases, so an application that works at £750,000 may be declined at £1.2 million on otherwise identical terms.

Interest Only Without an Acceptable Repayment Strategy

Interest only requests are declined where the proposed repayment strategy does not meet the lender’s rules, even when the borrower’s income comfortably covers the payments.

Non-Standard or Hard-to-Value Property

Unique, rural, or non-standard construction property at high value can narrow the lender pool sharply, particularly where the valuer cannot evidence comparable sales.

Poorly Packaged Applications

Large loans are manually underwritten, so missing documents, unexplained transactions, or inconsistent income evidence cause delays and declines that correct packaging would have avoided.

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Million Pound Mortgages Across the UK

Documents Needed for a Million Pound Mortgage Application

Income Evidence

Payslips, P60s, bonus history, tax calculations (SA302s) and tax year overviews for self-employed applicants, or company accounts where dividends or retained profit are used.

Proof of Deposit and Assets

Bank and investment statements evidencing the deposit and, where relevant, the assets supporting an interest only repayment strategy or high net worth assessment.

Identification and Address History

Certified identification and proof of address, with additional source-of-wealth checks common at large loan sizes.

Property Information

Sales particulars, lease details where applicable, and tenancy or rental evidence for buy to let applications.

This content is for informational purposes only and does not constitute mortgage advice. Lending criteria and availability vary by lender and individual circumstances.