Cheap headline rate for property purchases and remortgages
Trinity Financial has access to a residential 2.5% Bank of England tracker rate for mortgages up to £2 million. For help to secure a leading mortgage call us on 020 7016 0790 or book a mortgage consultation.
- Residential purchase and remortgage tracker
- Initial rate - 2.5% - 0.75% over the BoE base rate How much will it cost?
- Period - Two years
- Deposit - 40%
- Reversion rate - Reverting to the Bank of England Base Rate +3.49%
- Arrangement fee - £999
- Early repayment charges - None
The APRC applicable on this loan is 3.3%. The actual rate available will depend on your circumstances. Please ask for a personalised mortgage illustration.
Mortgage available on an interest-only or capital repayment basis, subject to acceptance criteria. £2 million maximum loan.
Representative example: A capital and interest mortgage of £500,000 payable over 30 years, initially on a tracker rate basis for two years at 2.5% and then on a variable rate of 5.24% for the remaining 28 years, would require 24 monthly repayments of £1,975.60 followed by 336 payments of £2,709.90. The total amount repayable would be £959,054.80 made up of the loan amount, plus interest (£457,939.39) and £999 (product fee), £80 (final repayment charge), £30 (completion fee). The overall cost for comparison is 3.3% APRC representative.
The actual rate available will depend on your circumstances. Please ask for a personalised mortgage illustration.