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How £1m-plus mortgages are financed


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HOLA441

An interesting analysis in the FT regarding £1m-plus tracker mortgages. Dated from April 2020.

£1m-plus mortgage borrowers pay over the odds

https://www.ft.com/content/d062c210-7d7d-46a2-9e43-164667ac1576

Most private banks, such as Hoare & Co, Coutts, Barclays Private and Investec, use the Bank of England base rate for their tracker mortgages. Libor is more commonly used in the tracker mortgages offered by investment banks, such as Credit Suisse, JPMorgan, Royal Bank of Canada, Citi and Deutsche Bank. 

 

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