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Of course, when it comes to borrowing such a large sum of money, it presents extra risks to lenders. 

 

There are still options out there, though, from both high street and specialist lenders. 

 

Why the risk? 

 

Quite simply, lenders see lending this amount on one mortgage as a higher risk than lending the same amount on multiple smaller mortgages.  

 

So how do I apply? 

 

Applying for a large mortgage can be slightly more difficult than a smaller one, due to the fact that clients who require these loans usually have multiple income streams. 

 

You’ll also have to prove your affordability, so it’s worthwhile to keep track of your spending before you approach a lender, whether they are a high street or a specialist lender. 

 

What should I be aware of? 

 

Higher loans usually command higher fees for arranging, and these can stretch into the tens of thousands, so you’ll need to consider these before making your application. 

 

You could also use a private bank, which offer good rates but sometimes require a transfer of assets under management to obtain them. This can be up to 50% loan-to-value. 

 

For advice on getting a large mortgage speak to one of our expert advisers who will be able to help you with the next steps.