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1.5 million mortgages at the Bank of England Bank Rates plus 2.25 - (2.75 - settlement price, 3.1 APR)
The customer wanted to buy a new home in Berkshire for 1.37 million, for which he needed a new £1.5 million mortgages facilities for the acquisition, stamping tax and real estate improvement. They wanted to keep two real estate assets (one, the principal one, valued at 2.25 million, with a 600,000 pound tractor loan and another, valued at 850,000 pounds, without mortgage).
Today's principal building is rented to retail lessees for 9,500 per month and the 850,000 is already rented. It was our first task to transfer the £600,000 trackers mortgages to the new building. As a result, the customer consented to the management by the bank of some outstanding holdings, which led to a lower interest offer.
Customer charged a handling charge of 7,500 (0.5% of the £1.5 million amount of the loan). Available rates vary depending on your circumstance.