Secure a £2 million mortgage at an incredibly low rate

by Aaron Strutt

Oct 01 2014

Over the last few months a host of banks and building societies have improved their large mortgage loan rates. 

High-street lenders and private banks are working harder to attract more high-net-worth clients and some have recently raised their maximum loan sizes on their standard rates.

Large loan two-year fix

If you are looking to raise £2 million to purchase or remortgage a property, Trinity Financial has access to a lender offering a two-year fixed rate at 1.85%. The overall cost for comparison is 3.7% APR.

The monthly repayments on an interest-only basis would be £3,083, although this rises to £8,331 on full capital repayment over a 25-year term.

This mortgage has a £1,999 arrangement fee and borrowers would need a 35% deposit in order to qualify. After the fixed rate period, the mortgage reverts to 3.99%, the lender's current variable rate.

Large loan five-year fix

For clients looking to secure a five-year fixed rate for £2 million mortgages, Woolwich for Intermediaries is offering a leading five-year fix at 2.75%. The overall cost for comparison is 3.6% APR.

If you were to borrow £2 million, the monthly mortgage repayments would be £4,588 on an interest-only basis or £9,226 on a full capital repayment, over a 25-year term. Borrowers would need a 35% deposit to access this rate. 

After the fixed rate period, the mortgage reverts to 3.99%, the lender's current variable rate.

For help to secure a large mortgage loan, call Trinity Financial on 020 7016 0790.