Can I borrow a loan up to £500,000?
Most lenders will be willing to approve a loan of £500,000 provided you meet their eligibility requirements – this usually means owning your own home too.
When applying for a large loan amount, the terms of the loan will be set against your property. It’s important to have enough equity in your home to set against a higher-value loan.
Breaking the agreement could put your home at risk with this type of loan. So it’s important you are sure you can make the repayments. The most common ways to borrow this amount of money are with bridging loans and business loans.