£1 million+ mortgage best buys

Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a five-year fixed rate basis at 4.19% for five years and then on the lender's 7.99% standard variable rate for the remaining 25 years. The 4.19% rate would require 60 monthly repayments of £4,880.22 followed by 300 payments of £6,991.38. The total amount repayable would be £2,391,806.20 made up of the loan amount, plus interest (£1,398,180.88) and £1,499 (product fee), £65 (final repayment charge), £15 (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 4.16% fixed rate for 30 June 2029 and then on a variable rate of 8.74% for the remaining 25 years, would require 61 monthly repayments of £4,866.85 followed by 299 monthly repayments of £7,441.75. The total amount repayable would be £2,522,901.10 made up of the loan amount, plus interest (£1,521,960.00) and £699 (product fee), £80 (final repayment charge), £35 (completion fee). The overall cost for comparison is 6.9% APRC representative.

Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a two-year fixed rate basis at 4.53% and then on the lender's 8.74% standard variable rate for the remaining 28 years. The 4.53% rate would require 26 monthly repayments of £5,084.69 followed by 334 payments of £7,705.86 The total amount repayable would be £2,707,099.18 made up of the loan amount, plus interest (£1,705,960.56) and £899 (product fee), £80 (final repayment charge), £35 (completion fee). The overall cost for comparison is 8.2% 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 5.54% and then on the bank's standard variable rate, currently 6.99% for the remaining 28 years, 5.54% would require 24 monthly repayments of £8,547.09 followed by 336 payments of £9,896.13. The total amount repayable would be £3,531,540.84 made up of the loan amount, plus interest (£2,036,805.56) and £999 (product fee), £0 (final repayment charge), £17 (completion fee). The overall cost for comparison is 6.9% APRC representative.  

Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a fixed rate basis at 4.69% and then on the lender's standard variable rate currently 7.99% for the remaining 20 years, would require 120 monthly repayments of £5,139.97 followed by 240 payments of £6,718.90. The total amount repayable would be £2,230,411.40 made up of the loan amount, plus interest (£1,234,871.05) and £999 (product fee), £65 (final repayment charge), £20 (completion fee). The overall cost for comparison is 6% APRC representative.

Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a fixed rate basis at 4.24% and then on the bank's standard variable rate, currently 6.99% for the remaining 25 years, would require 60 monthly repayments of £4,891.88 followed by 300 payments of £6,403.81. The total amount repayable would be £2,216,466.80 made up of the loan amount, plus interest (£1,220,888.98) and £999 (product fee), £0 (final repayment charge), £17 (completion fee). The overall cost for comparison is 6.1% APRC representative.

Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a 4.95% fixed rate and then on a variable rate of 7.49% for the remaining 25 years, would require 64 monthly repayments of £5,333.08 followed by 296 monthly repayments of £6,757.31. The total amount repayable would be £2,342,730.31 made up of the loan amount plus interest (£1,346,933.49) and £1,995 (product fee), £125 (final repayment charge), £8 (completion fee). The overall cost for comparison is 6.6% APRC representative.

Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a 4.42% fixed rate for 36 months and then on a variable rate of 8.74% for the remaining 27 years, would require 36 monthly repayments of £5,015.15 followed by 324 monthly repayments of £7,631.74. The total amount repayable would be £2,655,258.16 made up of the loan amount, plus interest (£1,663,909.27) and £1,999 (product fee), £225 (final repayment charge), £30 (completion fee). The overall cost for comparison is 7.9% APRC representative.