High Value Mortgages
Mortgages in excess of £1 Million
High Value Mortgages
High value mortgages, sometimes referred to as jumbo mortgages, are typically used where the borrowing requirement exceeds £1 million. These mortgages are commonly associated with higher-value residential properties and more complex borrower circumstances than standard residential lending.
Mortgages Over £1 Million
Standard mortgage processes are not always suitable for borrowers with substantial assets or non-standard income structures. High value lending is therefore frequently sourced from private banks and specialist lenders, where underwriting is more flexible and terms are assessed on a case-by-case basis.
These mortgages are often used for high-value property purchases, portfolio growth, or refinancing existing facilities. The process generally involves a detailed review of income, assets, and overall financial position.
Whatever your requirements we are here to help you.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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High Value Mortgages
Frequently Asked Questions
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For high-net-worth individuals, mortgage terms are usually tailored to the individual, taking into account income complexity, asset holdings, and overall financial position.
Such lending is often provided by private banks or specialist lenders that do not rely solely on automated or rigid criteria. Available terms and pricing can differ from those offered through mainstream lenders and may not be publicly advertised.
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High value mortgages are usually assessed on a case-by-case basis. Lenders may consider a combination of income, assets, liabilities, and overall net worth. This can include bonuses, dividends, retained profits, investment income, and overseas earnings, in addition to basic salary.
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Interest rates are not necessarily higher. Pricing depends on factors such as loan size, loan-to-value ratio, borrower profile, and property type. In some cases, rates can be competitive with or lower than standard mortgages, particularly at lower LTVs or where the borrower has significant assets.
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Many UK mortgage lenders accept only income paid in sterling, which can present challenges for individuals who are paid in foreign currencies — particularly those earning bonuses in a foreign currency.
However, with the right approach and access to the right lenders, securing a mortgage with foreign income is entirely possible.
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Interest-only high value mortgages may be available, subject to lender criteria. Borrowers are usually required to demonstrate a credible repayment strategy, such as investment portfolios, asset sales, or other verifiable means of repayment. Acceptance depends on factors including loan-to-value, income, assets, and overall net worth.
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Bonuses often form a significant part of total compensation, especially for high-earning professionals. Most lenders will include bonuses when assessing mortgage affordability, provided there is a consistent track record. •Typically, lenders will average the last two years of bonus payments. •If the most recent year’s bonus is lower, the lender may use the lower figure. •Depending on the lender, between 50% and 100% of the bonus may be factored into affordability calculations.
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Mortgage requirements vary significantly between individuals, particularly at higher borrowing levels. For high-net-worth borrowers, lending terms are typically structured on a bespoke basis, taking into account income structure, asset base, and overall financial position.
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