Who to talk to if you want a
large mortgage of £500,000+
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Last update : September 2010
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| Lenders don't advertise that they're willing to lend large amounts but most will only be too happy to lend depending on your circumstances.
The most important factors are the amount of your current salary and also how much you can place as an initial deposit.
For example, if somebody is thinking of buying a £3million property with just a £100k deposit then it will probably be impossible to find a lender.
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| But if the deposit were to be £1 million and the person's salary is £500k+ a year then I think many lenders would jump at the chance of doing business.
What I'd advise is the following -
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- Download our free guide - How to get the right mortgage at the best price and then follow the guidelines
- Contact your present bank to see what they can offer as they will know and understand your financial situation much better than if you first talk with a mortgage lender out of the blue
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