Private bank looks to undercut competitors on £1 million plus mortgages
Trinity Financial has just had a visit from one of the biggest international private banks and they are looking to increase competition in the market. They would like to undercut their competitors and offer cheaper terms - for the right clients.
They are offering margins as low as 1.75% over the Bank of England base rate and the arrangement fee is 0.5% of the loan amount.
They can lend up to 70% of the property value and they are happy to lend on an interest-only basis. The minimum loan size is £1 million.
As part of the deal, the bank will look to take funds under management.
They have been established for 100 years and they have a long history of managing trust funds.
For more details call Trinity Financial on 020 7016 0790.
July 12, 2012
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