£1 million+ mortgage best buys

Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a 4.43% fixed rate until five year and then on a variable rate of 7.99% for the remaining 25 years, would require 60 monthly repayments of £5,021.06 followed by 300 monthly repayments of £7,017.07. The total amount repayable would be £2,407,468.60 made up of the loan amount, plus interest (£1,411,943.63) and £999 (product fee), £65 (final repayment charge), £25 (completion fee). The overall cost for comparison is 6.8% APRC representative.

Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a two-year fixed rate basis at 4.99% and then on the lender's 8.74% standard variable rate for the remaining 28 years. The 4.99% rate would require 24 monthly repayments of £5,234.57 followed by 336 payments of £7,729.10. The total amount repayable would be £2,723,747.28 made up of the loan amount, plus interest (£1,722,607.00) and £899 (product fee), £80 (final repayment charge), £35 (completion fee). The overall cost for comparison is 8.3% APRC representative.

Please contact Trinity Financial on 020 7016 0790 for an individual illustration. 

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 5.49% and then on the bank's standard variable rate, currently 6.99% for the remaining 28 years, 5.49% would require 24 monthly repayments of £8,507.43 followed by 336 payments of £9,901.62. The total amount repayable would be £3,532,416.64 made up of the loan amount, plus interest (£2,031,032.87) and £1,999 (product fee), £0 (final repayment charge), £17 (completion fee). The overall cost for comparison is 6.9% APRC representative.  

Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a fixed rate basis at 4.69% and then on the lender's standard variable rate currently 7.99% for the remaining 20 years, would require 120 monthly repayments of £5,175.91 followed by 240 payments of £6,730.57. The total amount repayable would be £2,237,530.00 made up of the loan amount, plus interest (£1,240,915.73) and £999 (product fee), £65 (final repayment charge), £20 (completion fee). The overall cost for comparison is 6% APRC representative.

Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a fixed rate basis at 5.09% and then on the bank's standard variable rate, currently 6.99% for the remaining 27 years, would require 36 monthly repayments of £5,418.65 followed by 324 payments of £6,551.40. The total amount repayable would be £2,319,036.00 made up of the loan amount, plus interest (£1,322,706.68) and £999 (product fee), £0 (final repayment charge), £17 (completion fee). The overall cost for comparison is 6.9% APRC representative.

Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a 5.07% fixed rate and then on a variable rate of 7.49% for the remaining 25 years, would require 64 monthly repayments of £5,406.38 followed by 296 monthly repayments of £6,766.22. The total amount repayable would be £2,350,698.87 made up of the loan amount plus interest (£1,353,863.67) and £999 (product fee), £125 (final repayment charge), £8 (completion fee). The overall cost for comparison is 6.6% APRC representative.

Representative example: A capital and interest mortgage of £1,000,000 payable over 30 years, initially on a 4.79% fixed rate for 36 months and then on a variable rate of 7.99% for the remaining 27 years, would require 36 monthly repayments of £5,236.09 followed by 324 monthly repayments of £7,167.07. The total amount repayable would be ££2,511,713.92 made up of the loan amount, plus interest (£1,516,613.93) and £999 (product fee), £65 (final repayment charge), £25 (completion fee). The overall cost for comparison is 7.4% APRC representative.