Are you looking for a mortgage over one million pounds?
If you are looking to secure a one million pound plus mortgage Trinity Financial has access to a host of lenders offering leading rates.
One bank currently has a two-year fix at 2.15% and it is available for mortgages up to £2 million. It has a £1,995 arrangement fee and borrowers would need to put down a 35% deposit. The APR is 3.7%.
If you were to borrow £1 million the monthly repayments on an interest-only basis would be £1,791. This increases to £4,311 on full capital repayment over a 25 year term.
Aaron Strutt, product manager at Trinity Financial, says: “Over the last few years the lenders have been offering some incredibly low mortgage rates. They have increased over the last few months although they still offer great value for money.”
If you would rather lock into a longer fixed rate mortgage, the same lender is offering a five-year fix at 3.29%. Borrowers will still need to put down a 35% deposit and the arrangement fee is £1,999. The APR is 3.8%.
Over a 25 year term the monthly repayments on a £1 million interest-only basis would be £2,741 and this increases to £4,894 on full capital repayment.
If you would like help to secure a large mortgage loan, call Trinity on 020 7016 0790.
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