Lenders still offering impressive £1 million mortgages
Many of the banks and building societies are planning to offer more mortgages this year and they are providing best buy large mortgage loans. Trinity Financial has access to one of the lowest two-year fixes at 1.79%.
It has a £975 arrangement fee and borrowers will need to put down a 35% deposit. If you were to borrow £1 million over a 25 year mortgage term, the monthly repayments on an interest-only basis would be £1,491 and £4,137 on full capital repayment. After the fixed rate finishes the mortgage reverts to the lender's standard variable rate of 5.99%. The APR is 5.6%.
Aaron Strutt, product manager at Trinity Financial, says: "Most of our clients are taking two, three or five year fixes at the moment, although some of the tracker rates are marginally cheaper".
Call Trinity on 020 7016 0790 to secure a large mortgage loan.
April 28, 2014
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