Yes, you can remortgage a high value property, and many high net worth homeowners do so to secure a better rate, restructure borrowing, raise capital, or move to a lender better suited to complex income. The fundamentals are the same as any remortgage (you replace an existing mortgage), but higher loan sizes and complex circumstances can mean more documentation and a more manual underwriting process.
Key factors that influence a high value remortgage include:
- Loan size and LTV tiers: lender choice can narrow at higher loan amounts.
- Income structure: bonus, dividends, partnership income, business ownership and overseas income may be treated differently lender to lender.
- Property characteristics: unique properties can require specialist valuation.
- Objectives: rate vs flexibility vs speed vs interest-only options.
If your current deal is ending, starting early is sensible because valuations, legal work, and underwriting queries can take longer on larger cases. If you’re raising additional funds, lenders may also scrutinise purpose and ongoing affordability more closely.
The best way to keep the remortgage smooth is to prepare your documentation early (income evidence, assets, liabilities) and select lenders whose criteria match your profile and property type.
Hearthstone Mortgages (trading name of Hearthstone Advisory Limited)
Tel: 01753 463391 | Email: enquiries@hearthstonemortgages.co.uk
Registered office: Europa House, Marsham Way, Gerrards Cross, Buckinghamshire, SL9 8BQ
Company No: 10563329 | FCA FRN: 945282
Warnings:
THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME OR PROPERTY.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
We are a credit broker, not a lender. We may receive commissions that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.