Financial Times - Million pound mortgages are cheaper than ever
Getting a mortgage for more than £1 million is cheaper than ever, as banks and building societies cut fees and tempt wealthy buyers with interest rates below 1%.
“Mortgage lenders are really pushing for large loans at the moment. They’re constantly undercutting each other,” said Aaron Strutt, product director at broker Trinity Financial.
Over the last few weeks a host of lenders have lowered their large loan rates, including Coutts, HSBC and Yorkshire Building Society.
Other mortgage lenders have also offered free valuation incentives for homes worth up to £2m. Click here to view the full story £
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