Best million pound plus mortgages

Representative example: A Santander capital and interest mortgage of £1,000,000 payable over 30 years, initially on a fixed rate basis at 3.99% until 02/06/2027 and then on the lender's 6.75% standard variable rate for the remaining 28 years. The 3.99% rate would require 26 monthly repayments of £4,764.42 followed by 334 payments of £6,380.64. The total amount repayable would be £2,257,417.43 made up of the loan amount, plus interest (£1,261,097.67) and £1,999 (product fee), £225 (final repayment charge), £35 (completion fee). The overall cost for comparison is 6.4% APRC representative.

Representative example: A capital and interest Halifax mortgage of £1,000,000 payable over 30 years, initially on a 4.14% fixed rate for 30 June 2028 and then on a variable rate of 7.99% for the remaining 27 years, would require 39 monthly repayments of £4,851.14 followed by 321 monthly repayments of £7,108.24. The total amount repayable would be £2,472,199.77 made up of the loan amount, plus interest (£1,479,447.06) and £999 (product fee), £50 (final repayment charge), £25 (completion fee). The overall cost for comparison is 7.2% APRC representative.

How much does a £1 million HSBC mortgage cost? Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a fixed rate basis at 3.98% until 31/05/2030 and then on the lender's 6.99% standard variable rate for the remaining 25 years. The 3.98% rate would require 62 monthly repayments of £4,758.67 followed by 298 payments of £6,371.16. The total amount repayable would be £2,194,954.22 made up of the loan amount, plus interest (£1,199,234.26) and £999 (product fee), £0 (final repayment charge), £17 (completion fee). The overall cost for comparison is 6% APRC representative.

Please contact Trinity Financial on 020 7016 0790 for an individual illustration. 

Representative example: A capital and interest mortgage of £1,500,000 payable over 30 years, initially on a tracker rate basis for two years at 4.79% and then on the bank's standard variable rate, currently 6.99% for the remaining 24 years, 4.79% would require 24 monthly repayments of £7,854.13 followed by 336 payments of £9,856.85. The total amount repayable would be £3,501,711.72 made up of the loan amount, plus interest (£2,010,534.52) and £999 (product fee), £0 (final repayment charge), £17 (completion fee). The overall cost for comparison is 6.8% APRC representative.  

Representative example: A capital and interest Santander mortgage of £1,000,000 payable over 30 years, initially on a fixed rate basis at 4.44% until 02/06/2035 and then on the lender's standard variable rate, currently 6.75% for the remaining 20 years, would require 122 monthly repayments of £5,026.97 followed by 238 payments of £6,186.97. The total amount repayable would be £2,058,916.41 made up of the loan amount, plus interest (£1,061,575.47) and £999 (product fee), £225 (final repayment charge), £0 (completion fee). The overall cost for comparison is 5.4% APRC representative.

Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a 4.32% fixed rate for 31 March 2028 and then on a variable rate of 6.74% for the remaining 27 years, would require 37 monthly repayments of £4,960.47 followed by 323 monthly repayments of £6,355.93. The total amount repayable would be £2,237,742.78 made up of the loan amount, plus interest (£1,236,501.83) and £999 (product fee), £80 (final repayment charge), £35 (completion fee). The overall cost for comparison is 6.3% APRC representative.

Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a 4.75% fixed rate until 31/04/2030 and then on a variable rate of 7.74% for the remaining 25 years, would require 62 monthly repayments of £5,211.97 followed by 298 monthly repayments of £6,891.79. The total amount repayable would be £2,379,132.56 made up of the loan amount plus interest (£1,383,628.48) and £1,995 (product fee), £90 (final repayment charge), £35 (completion fee). The overall cost for comparison is 6.7% APRC representative.

Representative example: A capital and interest mortgage of £1,000,000 payable over two years, subject to base rate changes, initially on 4.61% variable rate for two years, would require 27 repayments of £5,128.01 and 333 monthly repayments of £7,199.27. The total amount repayable would be £2,537,573.45 made up of the loan amount, plus interest (£1,544,821.01) and a (£1,499 product fee), £50 (final repayment charge), £25 (completion fee). The overall cost for comparison is 7.6% APRC representative.