The Million Pound Mortgage: How to Secure High Value Property Finance

Buying a high value property is an exciting milestone, but once your borrowing crosses the million pound mark, the mortgage process becomes more specialist and less straightforward.

Whether you are purchasing a prime London townhouse, a countryside retreat or building out a buy to let portfolio, a million pound mortgage requires a different strategy, one built around flexibility, wealth structuring and private lender access.

In this guide, we will explore what makes million pound mortgages different, who qualifies and how to approach your application for the best outcome.

What Counts as a Million Pound Mortgage?

Simply put, it is any mortgage loan amount of one million pounds or more. This does not necessarily mean the property itself is worth one million, it could be significantly higher depending on your deposit.

Most traditional lenders will treat this level of borrowing as high value or large loan lending, and the underwriting is usually handled on a case by case basis.

Why They Are Treated Differently

Lenders look at million pound mortgages through a different lens. While affordability remains important, so does overall wealth, asset base and financial complexity. They are not just assessing income, they are assessing the bigger picture.

Key factors lenders will review include:

◆ Income profile
Are you salaried, self-employed, a business owner or earning through dividends, bonuses or international income? The more complex your profile, the more tailored the mortgage needs to be.

◆ Asset base
High net worth borrowers often have significant assets, property portfolios, investments, pensions or business holdings. Lenders may consider these when assessing affordability or offering interest only options.

◆ Repayment strategy
If the loan is interest only, lenders will ask for a clear and credible repayment plan. This could include the sale of a property, investment maturity or future business income.

◆ Property type and location
Is the property standard construction, a new build or listed? Is it in prime central London or a semi-rural village? These details affect lender appetite.

What Are the Mortgage Options?

At this level, mortgage solutions become more bespoke. Depending on your profile, you may be able to access:

• Interest only terms, which keep monthly payments lower and improve cash flow
• Offset mortgages, allowing you to link savings to reduce interest
• Private bank lending, where your wider assets and relationship strength can influence terms
• Flexible underwriting, where exceptions can be made for strong clients even if income is unconventional
• Cross charging, where additional assets are used as collateral to support the loan

Most million pound mortgages are not available through standard application routes. They are often negotiated directly with underwriters or relationship managers via a specialist adviser.

Who Qualifies for a Million Pound Mortgage?

There is no fixed income threshold, but lenders will want to see that the borrowing is proportionate to your income or supported by other assets.

Employed professionals earning typically £250,000 or more annually, often with bonuses or share schemes
Self-employed clients with retained profits and clean accounts
Entrepreneurs and business owners, where income may be irregular but overall wealth is strong
International clients or expats with foreign income and UK property interests
Portfolio landlords or developers looking to refinance or grow their holdings

The key is to present your finances clearly and to work with a broker who can translate complex income or assets into a compelling application.

How to Prepare

• Organise detailed income evidence
  If you are self-employed, prepare up to three years of accounts. If you are salaried with bonuses, have payslips, P60s and contracts ready.

• Document your asset base
  Shareholdings, savings, pensions and property equity can all strengthen your position. Be ready to show supporting documents.

• Plan your repayment strategy
  If interest only is part of the plan, ensure you can explain exactly how and when the capital will be repaid.

• Choose the right partner
  Million pound mortgages are rarely won by filling out a form online. At Versed, we match our clients with lenders who understand complex profiles and can offer the flexibility you need.

Final Thoughts

A million pound mortgage is not just a bigger version of a standard mortgage. It is a different product entirely, one that relies on strong financial presentation, strategic thinking and access to the right lenders.

Whether you are looking to borrow one million or five, Versed Financial is here to guide you from initial strategy to completion. We work with private banks, niche lenders and underwriters who value relationships over red tape.

Planning a high value property purchase?
Book a complimentary strategy call with Versed Financial today and let us help you secure the right mortgage with confidence.

‘Your home may be repossessed if you do not keep up repayments on your mortgage.’