skip to main content
Request a call back

Leave your contact details and one of our expert advisers will call you back shortly.

You can also complete our mortgage questionnaire for a more accurate initial response.

Please note, by submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.

Menu

£1.5 million buy-to-let remortgage for investment banker

Explore
Mortages of the week

Residential mortgage of the week

Buy-to-let mortgage of the week

04 December 2013 Aaron Strutt By Aaron Strutt
One of our investment banker clients approached us after their fixed rate buy-to-let mortgage came to an end and they reverted to their lenders standard variable rate.

Case details

In order to ensure that they did not pay the higher reversion rate, Trinity approached one of the leading banks offering mortgages over £1 million and they agreed the deal in principle.

Property: Flat in central London valued at £2.4 million.

Mortgage rate and loan: Approximately £1.2 million on a two-year fixed rate at 3.19% over taken over a 10-year term. The reversion rate is 4.50%.

Lender''s arrangement fee: 0.5% of the loan amount “ so just over £6,000. This can be added to the loan amount.

APR: The overall cost for comparison is 4.3%.

Repayment type: Interest-only.

Loan-to-value: Approximately 50% of the property value.

Early repayment charges: 2% in year one and 1% in year two.

Trinity can help:

If you would like help to remortgage your buy-to-let mortgage, call us on 020 7016 0790 or email enquiries@trinityfinancialgroup.co.uk
Tags: Case Studies
As seen in
Contact us

Call us on 020 7016 0790 or leave your telephone number on our contact page. One of our expert advisers will be in touch shortly.

Mortgage News
Press Commentary
Press Commentary 21 June 2020
The Times - The new mortgage crunch
Get in Touch

Get in touch

Tel: 020 7016 0790 WhatsApp: 07780 531022 Email: enquiries@trinityfinancialgroup.co.uk

To arrange a meeting with one of our expert mortgage advisers complete our enquiry form or mortgage questionnaire and we will call you back. Please note, by submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.

Need some advice today?

Book a Consultation Mortgage Questionnaire

The guidance and/or advice contained within this website is subject to the UK regulatory regime and primarily targeted at consumers based in the UK. For more please read our guidelines below:

Your home may be repossessed if you do not keep up repayments on your mortgage.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances (i.e. £1,000 on a £100,000 mortgage). A typical fee is £500 plus we will receive commission from the lender.

You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 1998. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.

Trinity Financial is a trading name of Trinity FG Ltd, registered in England and Wales at 4th Floor, 1 Lumley Street, London, W1K 6TT, registration number 07370858. Trinity FG Ltd is an appointed representative of PRIMIS Mortgage Network, PRIMIS Mortgage Network is a trading style of Advance Mortgage Funding Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 305008) for mortgage and non-investment insurance advice. The Financial Conduct Authority does not regulate some forms of Buy to Let.

See our privacy policy.