Lenders targeting larger mortgage loans
A host of banks and building societies have made changes to their large mortgage loan rates this week, including Nationwide Building Society, Woolwich and Kent Reliance for Intermediaries.
In order to attract more high net worth clients, Woolwich has taken the unusual step of increasing its maximum loan from £2 million to £3 million on some of its lowest ever rates.
Kent Reliance has also launched a range of £1 million plus mortgages designed to help wealthier borrowers with less standard financial circumstances. The lender will also potentially provide larger loans if you have a 20% deposit, unlike many of the other banks.
If you are looking to buy an expensive property or remortgage to secure a new deal, Woolwich really does have some fantastically priced mortgages. There has rarely been a better time to take a fixed rate.
If you would like help to secure a mortgage, call Trinity Financial on 020 7016 0790.
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