Halifax raises Premier service large loan mortgage threshold from £500,000 to £650,000

Halifax raises Premier Large Loan mortgage threshold to £650,000

Halifax Intermediaries is increasing the minimum mortgage size needed to access its Premier Large Loan team from £500,000 to £650,000.

The change will take effect on Monday 27 July 2026. From that date, new mortgage applications between £500,000 and £649,999 will be handled by Halifax’s standard residential processing teams, rather than its specialist Premier service known for providing an extremely prompt service.

Applications of £650,000 and above will continue to benefit from the dedicated Premier Large Loan team.

Why is Halifax changing its large-loan threshold?

Halifax says the £500,000 entry point no longer accurately represents where the higher-value mortgage market begins.

Property prices have risen considerably since the threshold was last reviewed, meaning that a £500,000 mortgage is now relatively commonplace in London, the South East and other expensive parts of the UK.

Halifax believes its standard residential underwriting team can now manage most applications between £500,000 and £649,999 without the additional support offered through Premier.

Raising the threshold to £650,000 should allow its specialist team to concentrate on larger mortgages of up to £5 million and applications where additional underwriting expertise may provide the greatest benefit.

What happens to Halifax mortgage applications below £650,000?

Mortgage applications between £500,000 and £649,999 submitted from 27 July 2026 will be processed under Halifax’s standard residential proposition.

This does not mean that these borrowers will receive less favourable mortgage rates or underwriting criteria. However, their application will no longer automatically benefit from the dedicated case management and specialist pre-submission support associated with the Premier service.

Borrowers with more complicated income, unusual circumstances or applications close to Halifax’s lending criteria may therefore need their broker to assess the case particularly carefully before submission.

Any application already being managed by the Premier Large Loan team before the change will remain with that team and continue through the existing process.

What does the Halifax Premier Large Loan team offer?

Halifax’s Premier service combines mainstream mortgage products with additional specialist support. Its existing proposition provides a dedicated team for large mortgages, together with a more detailed pre-submission assessment that goes beyond a standard decision in principle. 

The service is designed to help brokers present more complex or unusual applications and obtain guidance before submitting a full mortgage application.

Halifax says the team may also be able to provide greater flexibility when considering cases close to the edge of its standard lending policy. This does not guarantee approval, as the borrower must still meet the lender’s affordability, credit, property and underwriting requirements.

Does the Halifax Premier Large Loan team have a good reputation?

Among mortgage brokers dealing with larger loans, the Halifax Premier team generally has a good reputation for accessibility, specialist knowledge and its willingness to review cases before submission.

Its relationship managers are promoted as having expertise in complex and unusual cases, while Legal & General has included Halifax within its high-net-worth lending service and describes the Premier team as personally managing qualifying large-loan applications. 

Trinity Financial’s brokers have also arranged significant numbers of larger Halifax mortgages and have found the dedicated team particularly useful where an application requires more explanation than a straightforward automated decision can provide. Halifax has historically offered large loans of up to £5 million through this service. The bank has issued larger mortgage loans on some unusual properties with land or lots of bedrooms.  

The Premier team’s reputation is strongest among brokers using its specialist large-loan underwriting service, rather than being a reflection of every part of Halifax’s broader banking and mortgage operation.

Will the change make £500,000 to £649,999 mortgages harder to obtain?

Not necessarily. Halifax says its mainstream underwriting proposition has evolved and can now support the vast majority of borrowers within this range.

Straightforward applicants with standard employed income, a good credit profile and a conventional property may notice little practical difference.

The change could be more significant for borrowers who have:

• Substantial bonus, commission or overtime income;

• Several sources of earnings;

• A complex self-employed income structure;

• An unusual property;

• High financial commitments;

• An application requiring an underwriting exception;

• Borrowing close to Halifax’s maximum affordability.

These cases may still be acceptable, but they will not automatically have access to the Premier team where the loan is below £650,000.

Aaron Strutt of Trinity Financial comments

“Halifax’s Premier Large Loan team is well known among brokers for providing a useful additional layer of support on larger and more complicated mortgage applications. The Halifax name is going to change to Lloyds for Intermediaires next year but the Premier team is likely to offer the same service. Halifax has decent large loan mortgages and generally good fixed and tracker mortgage rates."

How Trinity Financial can help with a large Halifax mortgage

Trinity Financial’s brokers regularly arrange large mortgages through Halifax and a broad range of high-street banks, building societies, specialist lenders and private banks.

We can compare Halifax’s affordability, rates and underwriting approach with alternative lenders and establish whether an application is likely to qualify for its Premier service.

For mortgage applications of £650,000 or more, our brokers can also liaise with the Halifax Premier Large Loan team and use its pre-submission process where appropriate.

Speak to a Trinity Financial adviser today

The mortgage market moves fast — and the right advice can make a significant difference to the rate and deal you secure. Get in touch with our team to discuss your options.

Call Trinity Financial on 020 7016 0790 to secure a fixed or tracker rate mortgage, book a consultation, or use our appointment calendar

The information contained within was correct at the time of publication but is subject to change. It is for general information purposes and is not advice.

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