Financial Times - High street banks target large mortgages
Borrowers seeking £1 million-plus mortgages can now find more choice on the high street as lenders target the large loan market. Homebuyers with complex income streams are still unlikely to have access to the very cheapest deals although private banks and selected lenders provide a range of options.
For those wanting to borrow up to £5 million, Halifax has a range of mortgages, although there are lower mortgage rates available.
Aaron Strutt, a broker at Trinity Financial, told The Financial Times that Woolwich can charge up to £15,000 in arrangement fees for loans up to £3 million.
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March 1, 2013
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