high Loan to value mortgage for a large loan
Should your earnings be high and disproportionate to the level of deposit available, you may require a high loan to value mortgage to achieve your purchase goals.
Advias did a phenomenal job allowing me to borrow much more than any other mortgage adviser had said was possible. Thank you! I couldn’t be happier.
“”
Saving for a deposit can take time, especially so when buying a property with a significant price tag.
With a 25% deposit plus stamp duty a property purchase will require the following sums;
Purchase Price | Stamp Duty | 25% Deposit | Total funds required |
£3,000,000 | £273,750 | £750,000 | £1,023,750 |
£2,000,000 | £153,750 | £500,000 | £653,750 |
£1,500,000 | £93,750 | £375,000 | £468,750 |
Why Apply For A High Loan To Value Mortgage?
Should your earnings be high and disproportionate to the level of deposit available, you may require a high loan to value mortgage to achieve your purchase goals. The main issue many borrowers in this position face is there being few lenders offering 90%+ loan to value mortgages for sums over £1m.
There are a number of private banks and specialist lenders however that have carved out a niche in offering a high loan to value mortgages to higher earners.
High Loan To Value Mortgage Requirements
The borrower will need to demonstrate strong earnings and future career prospects to entice a high loan to value mortgage for over £1m.
The benefits are access to lending with loan to values of up to 95% on multi-million-pound mortgage amounts. This significantly eases one’s deposit requirements.
Purchase Price | Stamp Duty | 10% Deposit | Total funds required |
£3,000,000 | £273,750 | £300,000 | £573,750 |
£2,000,000 | £153,750 | £200,000 | £353,750 |
£1,500,000 | £93,750 | £150,000 | £243,750 |
Speak with an expert About Out 90+ LTV Mortgages
We obtain the best possible large mortgage terms by using our own in-house analysis tools in combination with our extensive database of lender contacts.
We offer a personal service and you deal with an expert who can understand your needs and deliver accurate solutions in a timely manner.
