£1 Million Pound House Mortgage (Residential)

A £1 million pound house mortgage is a residential mortgage used to buy or remortgage a main home valued high enough to support borrowing of £1,000,000 or more. At this loan size, many lenders move the application into a large loan or premier underwriting process, where affordability is assessed manually rather than by automated scoring alone.

We work with lenders who take a pragmatic view of £1 million house mortgages, provided the income evidence is presented correctly. Our panel includes lenders who will consider:

• Employed applicants with significant bonus, commission, or vested share income
• Self-employed applicants using net profit or salary and dividends
• Interest only or part and part structures with a credible repayment strategy
• Day-rate contractors and partners in professional practices
• Applicants with complex or multi-source income

If you are trying to get a 1 million pound mortgage on a residential property, speak to us first. We will identify which lenders’ large loan policies fit your income and how much of your variable income each lender will use.