Expert Mortgage Advice & £850,000 Mortgage Products Suitable For You
Let us put you in touch with expert mortgage advisors who will give you impartial advice and help you find suitable £850,000 mortgage products.
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Working with leading lenders ...
We work with high street and other lenders so you’ll get access to suitable mortgage products that you may be able to apply for.
Why use us?
From the information you provide to us, our experts will search the market and find the most suitable products for you. If you are happy with the product on offer, we will handle all the necessary paperwork for you, including any relevant applications, to ensure that everything runs smoothly for you.
From just a few minutes completing some basic information, we will quickly search for suitable financial products for you.
We’ve helped thousands of customers secure financial products and service so you know that you are in capable hands.
Reduced stress & time saving
Choosing the right financial product is time consuming and can be stressful, so remove much of this by putting it in the hands of one of our financial experts.
Whatever type of financial product or service you are looking for, our service is reliable and always matched to your own personal circumstances.
Whether you’re looking for Mortgage Advice, Loan Advice or Insurance Advice or any other financial product or service, we can help you…
“Did a great job helping us with our mortgage. I would recommend!”
So ... how can we help?
Buying a financial product such as a mortgage can be the biggest decision made in our lives. It is for this reason that impartial advice is critical from qualified advisors.
Find a suitable £850,000 mortgage deal
If you’re thinking about getting an £850,000 mortgage you might have questions or queries you want answered before you submit your application or before you find a mortgage product or lender you are interested in. Mortgages can be detailed and overwhelming when you start getting to the finer details, but by speaking to one of our friendly and experienced advisers at Finance Advice Centre, you will get all the information and help you need to not only find the most suitable products and provider to suit your financial circumstances, but also full support and guidance in applying for your mortgage itself. Let’s look at some common questions borrowers want to know about £850,000 mortgages.
How do I provide evidence of my income for an £850,000 mortgage?
This will depend on whether you are employed or self-employed, but your lender will likely ask for evidence in the form of:
- Bank statements
- Pay slips
- Tax returns
When working out your affordability for an £850,000 mortgage, lenders will also look at your outgoings such as:
- Household bills
- Any debts you might have including credit cards or car finance payments
- Other possible outgoings for example travel costs or childcare
If the lender feels that your current circumstances will not easily allow you to repay your mortgage, your outgoings, and any maintenance and repairs that might be needed on the property, they are unlikely to approve your loan. However, if they conclude that your income is sufficient enough to cover your repayments and other outgoings it is possible to get approved for an £850,000 mortgage.
How much do I need to earn for an £850,000 mortgage?
There isn’t a definitive answer to this question because there is not necessarily a minimum income required to be accepted for a mortgage. The lender will look at a range of other factors, as well as your income, such as your credit history, and the term of the mortgage, in order to determine if you are suitable for a loan. That being said, UK lenders will often use income multiples when considering mortgage applications.
A lot of lenders use a multiple of 4.5x your yearly salary, others may use 5x, and in certain circumstances, a small number of lenders use multiples of 6x a person or household’s annual income. Higher income multiples tend to be accepted when applicants are deemed to be good borrowers, meaning they have a high credit score and a history that shows evidence of reliable, timely payments.
Can I get a buy-to-let (BTL) mortgage for £850,000?
It may be possible to get a buy-to-let mortgage for £850,000, but it could be easier for you if you have the help of an adviser from Finance Advice Centre. This is because we know which lenders will be most likely to accept your application and give you the best chance of being approved.
Some lenders can be apprehensive about providing mortgages with higher LTV ratios and so might ask you for a higher deposit. Your other circumstances may also have an effect on how much deposit you will need for a BTL mortgage, but you can typically expect to put down a deposit of between 20% and 40% of a property’s market value. So, if you were to apply for an £850,000 mortgage you could need a £340,000 deposit.
As a mortgage is secured against your home or property it could be repossessed if you do not keep up the mortgage repayments.
Our approach - and how we do it
We love speaking with our clients. Either give us a call or fill in one of our contact forms. Remember, we love a challenge!
One of our Advisors will then find out what you’re looking to do, discuss your options and answer any questions you may have.
Your Advisor will find the best option for you and help arrange things. You then sit back and relax while we do the rest.
Ready to assist you.
Choosing a financial product or service, such as a mortgage, remortgage, loan or insurance can be daunting and your choice is a decision you need to get right. For this reason, it is vital that you get impartial advice from competent and qualified advisors. Whether you are a first-time buyer, looking to remortgage, hoping to remortgage or even buy a property to let, needing a loan or insurance this is where our advisers excel.
Be reassured that our aim is to guarantee reliable financial advice appropriate to any individual that makes contact with us. Through our network of contacts, we have access to thousands of financial products, from mortgages to loans to insurance, so we are confident that we’ll find one to suit you.
See what our customers think ...
I would highly recommend the mortgage advice service Alice Hale was amazing throughout she is a credit to your organisation and helped us secure our dream home
We had a long journey buying our first home together and recent pandemic events didn’t help matters. Every step of the way, our advisor Steve was supportive, positive and we had every confidence in him. He was able to arrange a good deal for us and we were able to move into our dream house this autumn.
I used George from the finance advice centre to get my mortgage, and he was nothing but amazing! Talked me through every step, always easy to get hold of ! And got me a brilliant product I would highly recommend him, just brilliant 5 stars from me
What a Fantastic Service from start to finish. Great customer support from Ben Patten & Joe Frayne, superb product knowledge and exceptionally responsive to emails/calls, we can 100% recommend the Finance Advice Centre Ltd , they got us a great deal on a mortgage with suited life insurance, especially during this very difficult Covid 19 time ……
From start to finish, Greig and Emily were very helpful with our mortgage application. The advice Greig gave us was very clear and informed. They were always available either by phone or email to answer any questions we had. The whole process was made a lot easier because of the work they did. Would thoroughly recommend
Let us do the work of finding your mortgage
We’ll put you in touch with impartial advice from an expert mortgage advisor who will help secure you the best mortgage deals available.