£700,000 Mortgage

tailored to you. 

suitable for you

Let us put you in touch with expert mortgage advisors who will give you impartial advice and help you find low % £700,000 mortgage products.

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Our Office is open 9am-5pm from Monday to Friday. Please contact us by either phone or email, using the contacts below.

Phone number 01332 821340
Office Address 4 Chatsworth House, Prime Business Centre, Raynesway, Derby, DE21 7SR
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£700,000 mORTGAGES 

Applying for any size loan is a significant financial commitment, but if you are looking for a £700,000 mortgage, there are many things that need to be taken into consideration by lenders. To help you find the most suitable mortgage products for such a large amount, speak to our team at Finance Advice Centre. Our specialist advisers will help you pull together all the required documentation in support of your application to give you the best chance of being approved for a £700,000 mortgage. For further details and to get started with your adviser contact us today.

Can you afford the monthly repayments on a £700,000 mortgage?

This is one of the most important questions that your lender will take into account when considering any mortgage application. For such a large amount of money, you will need to be able to demonstrate that you can meet the monthly repayments. The level of repayments will depend on a range of factors including the interest rate that is offered. Interest rates can vary dramatically depending on your situation and can be variable or fixed over a term of one, two, five, or even ten years. With that in mind, it is important that you have a clear idea of your long-term plans for the property you are buying to ensure your adviser can help you find the right mortgage products to fit with your individual circumstances.

Your income will play a major role in determining whether you can afford your £700,000 mortgage repayments. If you’re in regular employment, lenders will typically want to see your payslips as proof of your earnings. If you receive money from alternative sources, such as dividends, bonuses, commissions, and interest on your other investments, it would be advisable to prepare two to three years’ of personal accounts so the lender can gain a more accurate picture of your financial situation. This also applies if you’re self-employed or have other complicated income streams.

What if you’re looking at an ‘unmortgageable’ property?

Lenders will generally offer loans on most homes, but if you’re looking at buying non-standard properties, such as a Grade I listed building, a thatched cottage, or a converted property, you might struggle to be accepted by high street banks and building societies. You will probably also need a specialist lender if you are buying a house of multiple occupancy (HMO), planning to offer the property on short-term letting sites such as Airbnb, or if you’re an expat.

If any of these circumstances apply to you, contact Finance Advice Centre today. Our advisers have access to niche lenders that may be willing to look at your situation as long as you meet their eligibility criteria.

If you’re looking for help when it comes to securing your £700,000 mortgage, Finance Advice Centre is here for you. Our advisers will guide you through the lending process from start to finish. Once we have established your financial situation and plans, we may be able to help you access the most suitable mortgage products for your circumstances. 

As a mortgage is secured against your home it could be repossessed if you do not keep up the mortgage repayments.

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Whole of Market Mortgage Advice

Being able to give ‘Whole of Market’ Mortgage Advice means that we have access to the widest range of lenders. These lenders include “High Street Banks, “Challenger Banks and Building Societies . However, just because a mortgage advisor has access to the Whole of the Market, doesn’t mean that they necessarily have the right knowledge or expertise to be able to give you the right Mortgage Advice and therefore the best products. We believe that Finance Advice Centre is very different. Our Advisers are all trained with specialist complex cases in mind. No matter how challenging your situation, if there’s a solution for you, we’ll do everything we possibly can to find it!

We especially enjoy working on complex mortgage cases. One example is if you’re trying to get a mortgage but have only just started a new job. Many lenders will require you to have been working in that role for a set amount of time. Having access to the Whole of Market wouldn’t necessarily mean that all advisors giving Mortgage Advice know which lenders to place your case with even though they are able to use all of them. Clients who are recently self employed or contractors often cause other advisors problems. However, our advisors specialise in these types of cases and deal with them every day.

Finance Advice Centre Ltd is an appointed representative of Finance Advice Group Ltd, which is authorised and regulated by the Financial Conduct Authority in respect of mortgage and insurance mediation activities only. Finance Advice Group Ltd is entered on the Financial Services Register https://register.fca.org.uk/ under reference 624517.

Some types of buy to let mortgages are not regulated by the Financial Conduct Authority.

As a mortgage is secured against your property, it could be repossessed if you do not keep up the mortgage repayments.