Halifax offering Premier service to clients looking for mortgages between £500,000 and £5 million
Halifax for Intermediaries offers a priority mortgage service for borrowers looking for mortgages between £500,000 to £5 million.
Trinity Financial’s brokers have a strong track record of getting larger mortgages agreed through Halifax and its larger mortgage loan team.
The bespoke pre-submission mortgage service goes above and beyond a standard decision in principle, giving brokers like Trinity Financial extra support to discuss mortgage applications before they are submitted.
The idea is for brokers to get a direct phone number and email address for a Halifax Premier Case Manager and to work with them throughout the mortgage process.
How much will Halifax lend higher employed earners for a mortgage?
- Applicants earning between £50,000 and £75,000 can borrow five times their salary, providing they have a 15 per cent deposit.
- Applicants earning between £75,000 and £125,000 can borrow 5.5 times their salary, providing they have a 25 per cent deposit. A smaller deposit reduces this to 5 times the salary or 4.75 times the salary.
- Applicants earning over £125,000 can borrow 5.5 times their salary, providing they have a 15 per cent deposit. A smaller deposit reduces this to 5 times the salary or 4.75 times the salary.
How much will Halifax lend higher-earning self-employed earners for a mortgage?
- If there is any self-employed income on an application and the application income is up to £75,000, a maximum loan-to-ince of 4.49x salary will apply.
- For loans where the application income is up to £75,000, and there is any element of self-employed income, the normal 5.50x maximum loan-to-income applies up to 75% loan-to-value.
- For loans between £500,000 to £750,000 of 85.01% to 95% loan-to-value and for mortgages between £750,000 to £1 million of 75.01% to 85% loan-to-value a 4.00x loan-to-income will apply.
Does Halifax offer decent mortgages between £1 million and £5 million?
Halifax for Intermediaries offers a range of mortgage rates specifically for borrowers looking to borrow between £500,000 and £5 million. The rates are generally competitively priced and regularly undercut the bank's other rates.
Aaron Strutt, product director at Trinity Financial, says: “Halifax has a track record of product decent rates and fast mortgage offers. The bespoke pre-submission service often goes above and beyond a standard decision in principle to get mortgages through. The bank can offer mortgages really quickly."
Call Trinity Financial on 020 7016 0790 to secure a Halifax Premier mortgage or book a consultation
The information contained within was correct at the time of publication but is subject to change
Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
