Halifax target private banking clients with their £1 million plus mortgages

by Aaron Strutt

May 10 2013

Halifax has launched a range of large mortgage loans available to high-net worth borrowers looking to raise between £1 million and £5 million. They are an excellent alternative to many of the private banks.

Trinity Financial has access to Halifax's leading two-year tracker rate at 2.64%. It is available to borrowers with a 40% deposit and looking for a mortgage between £1 million and £5 million. For those with a 30% deposit, their 3.24% two-year fix is also very competitively priced. These rates have £1,499 arrangement fees.

Aaron Strutt, a broker at Trinity Financial, says: "It does seem like the high street mortgage lenders are battling to regain control of the large loan mortgage market and our clients are getting a wider choice of banks to choose from. Private banks always used to be a niche option and they are getting a lot more competition.

"There are a number of high street mortgage lenders looking to specifically lend over £1 million and some of their rates are incredibly low. Not all lenders are looking to lend over £500,000 and some even charge a separate arrangement fee for every £500,000 borrowed."

If you would like help securing a large mortgage loan, call us on 020 7016 0790 or send an email to enquiries@trinityfinancialgroup.co.uk

May 10, 2013