Woolwich offering 1.65% tracker for mortgages up to £2 million
Woolwich for Intermediaries is offering a competitively priced tracker rate suitable for larger mortgage loans.
Trinity Financial has access to the leading 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, currently 3.99%. The overall cost for comparison is 3.5% APR.
Aaron Strutt, product manager at Trinity Financial, says: “Woolwich offers a switch-to-fix facility so borrowers can call and lock into a fixed rate at any time. This could be useful when the Bank of England finally starts to raise rates.”
In order to qualify borrowers will need a 35% deposit. There is a minimum loan size of £500,000 and a maximum of £2 million and the arrangement fee is £1,999.
If you would like help to secure a mortgage call Trinity on 020 7016 0790.
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