Trinity has access to a selection of private and mainstream banks offering £3 million mortgages.
There is a lot of competition between lenders to attract high net worth clients and they are offering some highly competitive rates.
For example, if you are looking to raise £3 million to purchase or remortgage a property on an interest-only basis, Trinity Financial has access to a lender offering a two-year fix at 1.21%. The overall cost for comparison is 3.9% APR.
The monthly interest-only payments would be £3,025 or £11,593 each month on full capital repayment. This is over a 25-year term. The mortgage has a £999 arrangement fee and you would need to put down a 40% deposit to qualify.
Aaron Strutt, product director at Trinity Financial, says: “Incredibly it is possible to access a lower tracker rate of 0.89% and the monthly repayments on £3 million mortgage would be £2,225 on interest-only or £11,157 each month over a 25-year term.”
This mortgage has a £999 arrangement fee and borrowers would need to put down a 40% deposit. The standard variable rate is 4.19% and the overall cost for comparison is 3.8% APR.
Call Trinity Financial on 020 7016 0790 to secure a large mortgage loan