Halifax offering large mortgage loans between £1 million and £5 million
Halifax for Intermediaries is offering high net worth borrowers large mortgage loans between £1 million and £5 million.
Their two-year fixed rate is very competitively priced at 2.79% and it has a £1,499 arrangement fee. The APR is 4.2% and borrowers will need a 40% deposit to access the rate.
After the fixed period, the mortgage will revert to the lender's standard variable rate, currently 3.99%.
Aaron Strutt, product manager at Trinity Financial, says: "Halifax will not ask for assets to be transferred to them as part of the deal and we have access to their specialist large loan underwriting team.
"High-street lenders are giving the private banks more competition with their low mortgage rates and increased appetite to lend."
If you would like help to secure a large mortgage loan, call Trinity on 020 7016 0790.
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