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Whether you are looking to buy, sell, or finance a luxury asset, our team is here to assist. Tell us what you need.
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MillionPlus Journal
Market intelligence, case studies and expert commentary on property, luxury asset finance, crypto-backed lending and private wealth.
Lenders assess complex income for large mortgages through manual underwriting by specialist private banks, who analyse multiple streams like bonuses, commissions, retained profits, and vested RSUs over a 2-3 year period to establish a sustainable income figure.
The minimum income for a £1 million mortgage typically ranges from £167,000 to £225,000, but this depends entirely on the lender's criteria. While high street banks often use a rigid 4.5x income multiple, private banks assess a client's total wealth and offer more flexible, bespoke affordability models.
The High Net Worth (HNW) exemption allows UK lenders to bypass standard mortgage affordability rules for clients with an annual net income over £300,000 or net assets exceeding £3,000,000. This enables more flexible, bespoke lending solutions for individuals with complex financial profiles.
