Large mortgages can sometimes to pose a problem for a borrower.

A large number of mortgage lenders have a maximum loan amount and in many cases this is £500,000 with some slightly more generous lenders limiting their maximum to £1million.

So what can be done if the mortgage is more than £1million?

Even finding lenders that will provide mortgages of £500,000 or above can be tricky.

The results available from online comparison websites can easily mislead a borrower into thinking a certain offer is available only to discover the lender will not lend enough.

In this instance being able to compare mortgages online could make the process take longer than is necessary.

Trying to find out which lenders to approach can be time consuming so it makes sense to speak with an independent adviser with access to the ‘whole of market’ and knowledge in this field.

Some lenders will have specialist ‘large loan’ teams to cater specifically for bigger mortgages and higher net worth clients.

Having a separate team for borrowers in need of £1million or above means the cases can be looked at more quickly and dealt with on a more personal level.