Private bank looks to undercut competitors on £1 million plus mortgages

Aaron Strutt Image

Trinity Financial has just had a visit from one of the biggest international private banks and they are looking to increase competition in the market. They would like to undercut their competitors and offer cheaper terms - for the right clients.

They are offering margins as low as 1.75% over the Bank of England base rate and the arrangement fee is 0.5% of the loan amount.

They can lend up to 70% of the property value and they are happy to lend on an interest-only basis. The minimum loan size is £1 million.

As part of the deal, the bank will look to take funds under management.

They have been established for 100 years and they have a long history of managing trust funds.

For more details call Trinity Financial on 020 7016 0790.

July 12, 2012

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