The Mortgage Works has launched a large loans proposition, featuring mortgages of up to £5m, to a limited number of intermediary firms.
The new proposition will offer both tracker and fixed rate mortgage products over two, three and five-year terms. Loans are available for up to £5m at 65% LTV, rising to 75% LTV for £3m mortgages. The minimum loan amount is £500,000. Initially, the proposition will be available to around twenty intermediary firms. Andy McQueen, managing director of The Mortgage Works, says: “Brokers who have prime, high net worth clients who have the ability to repay these large loans may benefit from this additional suite of products with which to service their clients.” If you would like to comment on...
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