TSB lowers its maximum mortgage size from £5 million to £2 million
TSB has lowered its maximum mortgage loan size from £5 million to £2 million. The lender was offering some of the largest mortgages on the high-street.
Aaron Strutt, product manager at Trinity Financial, says: “The lender recently entered the broker market and it was surprising how quickly they targeted high-net-worth clients.
“A £2 million maximum loan size is pretty generous but it's still quite a large reduction.”
Bank of China made one of the biggest changes to a large mortgage loan policy. Back in 2013 the lender knocked £5 million off of its maximum loan size when it made a reduction from £10 million to £5 million.
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