NatWest has introduced a range of remortgage-only rates available for mortgages between £500,000 and £2 million.
The bank has designed the new two and five-year fixed rate products to boost its large loan mortgage proposition and attract wealthier borrowers from other lenders.
NatWest’s remortgage-only deals are available at 60% - 70% and 75% loan-to-value and they have £995 arrangement fees. The lender will also pay for the property valuation and any standard legal fees.
Aaron Strutt, product director at Trinity Financial, says: “More of the high street lenders have large mortgage loan rates to make it easier to secure £500,000+ mortgages.
“Our brokers have access to NatWest's specialist processing team, and its underwriters can be flexible because they assess applications on a case-by-case basis.”
NatWest offers interest-only mortgages to applicants with a minimum income of £75,000. They will need to have at least £200,000 equity in the property at the end of the mortgage term.
The bank currently states the average time to produce remortgage offer is ten working days.
Call Trinity Financial on 020 7016 0790 or email to secure a £500,000+ remortgage