Which lenders offer the largest mortgage loan sizes with smaller deposits?
The most generous mortgage loan sizes tend to be available to borrowers with the largest deposits. However, some banks and building societies provide surprisingly large loans to those with smaller deposits.
There is a huge amount of competition between the lenders to attract customers, and they have different acceptance criteria. Some lenders offer more generous income multiples than others, while some issue larger loan sizes to higher earners and professionals like doctors or lawyers.
Aaron Strutt, product director at Trinty Financial, says: "If you are looking for a mortgage and have a smaller deposit, it is essential to research the market to get the most competitive rate along with the mortgage amount you require.
"Our brokers constantly research the market to find the most suitable deals for our clients, either through the largest lenders or niche banks and building societies."
How do mortgage lenders work out how much you can borrow?
Mortgage lenders use affordability calculators to determine how much applicants can borrow for a mortgage. The lenders will need to know how much you earn, your credit commitments, your expenses, and any ongoing costs. Once this information has been run through their calculators, they return with a maximum loan size.
Trinity Financial's brokers know which lenders offer the most generous loan sizes along with the most competitively priced rates.
Will you get the most competitively priced rate if you use a niche or more specialist lender?
The smaller and more niche lenders may offer the most generous loan sizes but often charge a higher rate than many of the bigger banks and building societies.
It is important to strike the balance to take a large enough mortgage with the most competitively priced rate.
Which lenders offer the most generous mortgage loan sizes depending on your deposit?
Here are some of the lenders offering larger loans in relation to the size of the deposit.
|
Some of the more generous mortgage lenders |
Deposit required |
Maximum mortgage loan size in relation to deposit |
|
|
|
|
|
Digital Mortgages for Intermediaries |
5% deposit |
£750,000 |
|
Accord for Intermediaries |
5% deposit |
£600,000 |
|
NatWest for Intermediaries |
5% deposit |
£570,000 |
|
Santander for Intermediaries |
5% deposit |
£570,000 |
|
|
|
|
|
Kent Reliance for Intermediaries |
10% deposit |
£1,500,000 |
|
Kensington for Intermediaries |
10% deposit |
£1,000,000 |
|
Bank of Ireland Bespoke |
10% deposit |
£1,000,000 |
|
Clydesdale Bank for Intermediaries |
10% deposit |
£1,000,000 |
|
|
|
|
|
Barclays for Intermediaries |
15% deposit |
£2,000,000 |
|
Nationwide for Intermediaries |
15% deposit |
£1,500,000 |
|
Kent Reliance for Intermediaries |
15% deposit |
£1,500,000 |
|
Clydesdale Bank for Intermediaries |
15% deposit |
£1,500,000 |
|
|
|
|
|
NatWest for Intermediaries |
25% deposit |
£7,500,000 |
|
Barclays for Intermediaries |
25% deposit |
£2,000,000 |
|
HSBC for Intermediaries |
25% deposit |
£1,000,000 |
|
Santander for Intermediaries |
25% deposit |
£1,500,000 |
|
|
Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation
The information contained within was correct at the time of publication but is subject to change.
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