Barclays improve their large loan two-year fix for mortgages between £500,000 and £3 million
Barclays and Woolwich for Intermediaries have lowered the price of their leading two-year fixed rate for mortgages between £500,000 and £3 million.
Trinity has access to the 1.78% two-year fix through Woolwich for Intermediaries and it has a 3.7% APR. The rate was previously 1.85%.
There is a £1,999 arrangement fee and in order to qualify borrowers will need a 35% deposit.
Aaron Strutt, product manager at Trinity Financial, says: “Even the private bankers are impressed by Woolwich’s large loan fixed rates at the moment.
“Even though more of the high-street lenders are offering larger mortgage loans, they don’t typically offer £3 million mortgages priced below 2%.”
At the end of the tracker period, the mortgage reverts to 3.49% over the Barclays base rate, which is currently 3.99%.
The lender provides a free property valuation and legals service for borrowers looking to switch banks, keeping remortgage costs to a minimum.
If you would like help to secure a large mortgage loan, call Trinity on 020 7016 0790
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