Thisismoney.co.uk - Banks battle it out for high earners as Lloyds launches new best buy mortgage rates for premier customers

Lloyds Bank has just launched the lowest fixed rate mortgage deal on the market - but only for its customers that are wealthy enough to open a Lloyds Premier account. Lloyds Premier Account customers now have access to a 4.13 per cent two-year fix with a £1,099 fee. On a £200,000 mortgage being repaid over 25 years that would mean paying £1,077 a month. 

That includes Barclays Premier, HSBC Premier and NatWest Premier bank account customers, all competing to attract high net worth clients with some good perks and now best buy mortgages. 

'Some lenders do not offer their cheapest rates to first time buyers any more even if they earn over £100,000,' says Aaron Strutt of broker Trinity Financial told Thisismoney.co.uk.

'Over the years lenders have tried to get customers to take cheaper mortgages along with their current accounts and it has not always been that tempting, but for higher earners the banks are making these accounts and offers more appealing. 

'Sometimes they offer lower fixed rates, lower arrangement fees or more generous mortgage income affordability calculations as well as other discounts and free subscriptions. The cheap higher earner mortgage rates have been made available to brokers as part of the shift over from Halifax to Lloyds mortgages and the lender is making a statement by offering the lowest rates on the market even though lots of people won’t qualify for them.'

Speak to Trinity Financial about Premier mortgage rates

Trinity Financial’s brokers regularly help higher earners, professionals, first-time buyers and home movers compare Premier banking mortgage deals and large-loan options.

The new Lloyds Premier rates are another example of how lenders are using current account relationships to offer more competitive mortgages. For the right borrower, the savings could be significant.

To find out whether Lloyds Premier, Barclays Premier, HSBC Premier, NatWest Premier or another lender offers the best mortgage for your circumstances, contact Trinity Financial for expert advice.

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Call Trinity Financial on 020 7016 0790 to secure a fixed or tracker rate mortgage, book a consultation, or use our appointment calendar

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