Metro Bank offering large mortgage loans up to £3 million
Metro Bank is offering some of the leading large mortgage loans for clients looking to borrow between £1.5 million and £3 million.
Trinity Financial has access to Metro Bank's lowest large loan two-year fixed rate at 2.79% and their five-year fixed rate at 3.49%. Both mortgages have 0.5% arrangement fees and they are available for purchase purchases and remortgages.
Borrowers will need to put down a 35% deposit to access these rates and they can overpay 20% of the loan amount each year without charge.
After the fixed rate period finishes both of these mortgages revert to the lenders standard variable rate and this is currently 4.5%. Both mortgages have 4.5% APR's.
Aaron Strutt, product manager at Trinity Financial, says: "Metro Bank is still offering interest-only mortgages although they may want bullet repayments to be built into the mortgage offer. We have recently placed a number of our clients with them and have access to a number of their private bankers."
If you would like help to secure a large mortgage loan, call us on 020 7016 0790.
February 26, 2014
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