Harrods Bank stop mortgage lending for three months
Harrods Bank has stopped taking mortgage applications for three months amid reports of a sale. This is according to reports in the industry press.
The bank offers wealthy clients mortgages between £1 million and £10 million. It manages personal loans, savings accounts and gold bullion services.
Aaron Strutt, product director at Trinity Financial, says: “The bank offers a range of rates available on interest-only and they get marginally more expensive depending on the amount you borrow.
“Harrods has some very flexible lending criteria and helps clients looking for individual lending solutions.”
Over the last few years, high street mortgage lenders have increased their maximum loan sizes and opened specialist large loan underwriting departments to compete with the private banks. Some of the rates are impressively low.
Harrods first set up a banking arm in 1893 although it has operated under different names.
Call Trinity Financial on 020 7016 0790 to secure a private bank mortgage.
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