Santander offering large mortgage loan lifetime tracker rate
Santander for Intermediaries is offering a lifetime tracker mortgage suitable for clients looking to borrow between £250,000 and £3 million.
It tracks the Bank of England base rate plus a margin of 2.14%, currently giving a pay rate of 2.64%. The overall cost for comparison is 2.7% APR.
Borrowers will need a 30% deposit to qualify and there is a £1,995 arrangement fee.
Aaron Strutt, product manager at Trinity Financial, says: "One of the benefits of this mortgage is that it doesn’t have any early repayment charges, so the loan can be repaid at any time without paying a large exit fee.
"Another benefit is that Santander will not ask for assets to be transferred for them to manage as part of the deal, unlike many of the private banks."
If you would like help to secure a large mortgage loan, call Trinity on 020 7016 0790.
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
