Santander improves their large mortgage loan rates

by Aaron Strutt

Oct 26 2014

Santander for Intermediaries has lowered a number of their large mortgage loan rates suitable for clients looking to borrow between £250,000 and £2.5 million.

Their two-year fixed rate has been reduced from 2.64% to 2.39% and their fix-year fix has been lowered from 3.64% to 3.49%. The two-year fix has an APR of 4.4% and the five-year fix has a 4.3% APR.

Both mortgages have £1,995 arrangement fees and a free standard property valuation. Borrowers can also repay up to 10% of the outstanding balance each year without charge and early repayment charges apply for the fixed rate periods. 

After the fixed rates, both mortgages revert to the lenders standard variable rate, currently 4.74%.

Aaron Strutt, product manager at Trinity Financial, says: "Some of the high-street lenders have been offering some incredibly low large loan rates and they are certainly trying harder to attract more high-net-worth borrowers. One bank is offering some of its lowest ever rates for mortgages between £500,000 and £3 million."

If you would like help to secure a large mortgage loan, call Trinity on 020 7016 0790.