£1 million+ Best Buy Mortgages - Table updated 17th July 2024.
Find the lender with the leading rates for million pound plus mortgages or use our £1 million+ mortgage calculator. Our director was recently voted the Best Broker for Large Loans at the British Mortgage Awards 2023!
Trinity Financial has access to exclusive large loan teams at the leading high-street lenders and dedicated contacts at the best private banks.
Available for property purchases on capital repayment or interest-only. The remortgage rate is slightly higher. The maximum loan size is £5,000,000. Book a mortgage consultation.
Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a five-year fixed rate basis at 4.18% for five years and then on the lender's 7.99% standard variable rate for the remaining 25 years. The 4.18% rate would require 60 monthly repayments of £4,878.51 followed by 300 payments of £6,994.97. The total amount repayable would be £2,392,780.60 made up of the loan amount, plus interest (£1,391,201.72) and £1,499 (product fee), £65 (final repayment charge), £15 (completion fee). The overall cost for comparison is 6.7% APRC representative.
Available for property purchases. Mortgage is available on interest-only and part interest-only. £2 million maximum loan size. Book a mortgage consultation.
Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a 4.08% fixed rate for 30 September 2029 and then on a variable rate of 8.74% for the remaining 25 years, would require 61 monthly repayments of £4,820.39 followed by 298 monthly repayments of £7,432.12. The total amount repayable would be £2,517,387.67 made up of the loan amount, plus interest (£1,516,246.46) and £699 (product fee), £80 (final repayment charge), £35 (completion fee). The overall cost for comparison is 7.1% APRC representative.
Available for property purchases also on capital repayment or interest-only. Premier customer rate and £2-million maximum loan size. Remortgage rate is slightly higher. 2% early repayment charges. Book a mortgage consultation.
Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a two-year fixed rate basis at 4.49% and then on the lender's 8.74% standard variable rate for the remaining 28 years. The 4.49% rate would require 25 monthly repayments of £5,060.91 followed by 335 payments of £7,710.06. The total amount repayable would be £2,710,532.85 made up of the loan amount, plus interest (£1,709,392.80) and £899 (product fee), £80 (final repayment charge), £35 (completion fee). The overall cost for comparison is 8.2% APRC representative.
No real maximum loan size. Available for clients seeking £1 million+ mortgages with a 10% deposit. Purchase and remortgage rate. Book a mortgage consultation.
Please contact Trinity Financial on 020 7016 0790 for an individual illustration.
A variable rate, 0.29% above the Bank of England base rate, is currently 5.25%, giving a current payable rate of 5.54%. £3 million maximum loan size. Book a mortgage consultation.
Representative example: A capital and interest mortgage of £1,500,000 payable over 30 years, initially on a tracker rate basis for two years at 5.54% and then on the bank's standard variable rate, currently 6.99% for the remaining 28 years, 5.54% would require 24 monthly repayments of £8,547.09 followed by 336 payments of £9,896.13. The total amount repayable would be £3,531,540.84 made up of the loan amount, plus interest (£2,036,805.56) and £999 (product fee), £0 (final repayment charge), £17 (completion fee). The overall cost for comparison is 6.9% APRC representative.
The maximum loan size is £1 million. Ten-year fix for mortgages between £1 million and £2 million is 4.94%. Book a mortgage consultation.
Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a fixed rate basis at 4.83% and then on the lender's standard variable rate currently 7.99% for the remaining 20 years, would require 120 monthly repayments of £5,264.80 followed by 240 payments of £6,763.62. The total amount repayable would be £2,256,123.80 made up of the loan amount, plus interest (£1,255,044.69) and £999 (product fee), £65 (final repayment charge), £15 (completion fee). The overall cost for comparison is 6.1% APRC representative.
£3 million maximum loan size. Book a mortgage consultation.
Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a fixed rate basis at 4.57% and then on the bank's standard variable rate, currently 8.74% for the remaining 27 years, would require 39 monthly repayments of £5,080.34 followed by 321 payments of £6,825.86. The total amount repayable would be £2,390,643.07 made up of the loan amount, plus interest (£1,395,498.15) and £999 (product fee), £225 (final repayment charge), £25 (completion fee). The overall cost for comparison is 6.9% APRC representative.
Offset mortgage. An Offset mortgage links an Offset savings account to an Offset mortgage to reduce the mortgage interest payable. Interest on the mortgage is charged on the difference between the mortgage and savings balances, and this interest is paid alongside the monthly capital repayment amount. Book a mortgage consultation.
Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a 5.22% fixed rate and then on a variable rate of 7.49% for the remaining 25 years, would require 64 monthly repayments of £5,498.69 followed by 296 monthly repayments of £6,781.21. The total amount repayable would be £2,359,121.23 made up of the loan amount plus interest (£1,363,611.52) and £999 (product fee), £125 (final repayment charge), £8 (completion fee). The overall cost for comparison is 6.7% APRC representative.
A variable rate which is 0.89% above the Bank of England base rate, currently 5.25%, giving a current rate payable of 6.14% for the term of the mortgage. No early repayment charges. Book a mortgage consultation.
Representative example: A capital and interest mortgage of £1,000,000 payable over the life of the mortgage, subject to base rate changes, initially on a 6.14% variable rate for 300 months, would require 360 repayments of £6,080.59. The total amount repayable would be £2,190,061.40 made up of the loan amount, plus interest (£1,193,912.10) and a (£999 product fee), £50 (final repayment charge), £25 (completion fee). The overall cost for comparison is 6.3% APRC representative.
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