Largemortgageloans.com offers five-year trackers

1 June 2009

Natalie Holt

Largemortgageloans.com has launched two five-year trackers to cater for loans between £500,000 and £1m.

The private bank products are available via Trigold Prospector and are on offer exclusively to PMS members.

The moves echoes the launch of £1m loan products launched by the company last month.

The maximum LTV is 50% and the trackers are available for both residential and buy-to-let clients.

For residential cases pricing is LIBOR + 1.50% with a minimum pay rate of 2.50%, while for buy-to-let products are priced at 2.00% with a minimum pay rate of 3.00%.

Clients also have the option of overpayment and drawdown where necessary.

Paul Welch, managing director of largemortgageloans.com, says: “This further develops our partnership with private banks, combining our expertise in packaging large loans with Trigold’s technology platform and PMS’ distribution power.”

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