Barclays offering 1.65% tracker for mortgages up to £3 million
Barclays for Intermediaries is offering one of the most competitively priced large loan mortgage rates.
Trinity Financial has access to the fantastically low 1.65% three-year tracker, priced at 1.15% over the Barclays Bank Base Rate (BBBR).
At the end of the tracker period, the mortgage reverts to 3.49% over the BBBR, which is currently 3.99%. The overall cost for comparison is 3.5% APR.
Aaron Strutt, product manager at Trinity Financial, says: “The bank offers a switch-to-fix facility so borrowers can call and lock into a fixed rate at any time. This option will be useful when the Bank of England finally starts to raise rates.”
There is a £1,999 arrangement fee and a 1% early repayment charge applies for the first three years if the mortgage is repaid in full. Applicants will require a 35% deposit to qualify.
Barclays Premier customers often qualify for lower rates, depending on the size of the mortgage they require. It is possible to open an account prior to submission of the mortgage application, providing clients have a single income of £75,000 or £100,000 jointly.
To secure a larger mortgage loan call Trinity on 020 7016 0790 or use the enquiry form below.
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