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

Case details

After purchasing a large property in need of substantial redevelopment our client secured a loan to carry out the works.

Once the property was approaching completion, they instructed us to find a bank happy to lend to international clients with income generated from countries across the world.

Many of the private banks require assets to be transferred to them either before the mortgage is offered or after completion, but our client did not want to transfer assets as they were happy with their investment management team.

They wanted a low mortgage rate without early repayment charges.

Solution:   

As our client was keen to secure such a large loan to repay their development finance and they received income through a mixture of personal and business interests, we approached a leading private bank used to working with wealthier clients. 

The bank was happy with the way the client was paid and the property, but importantly they were willing to do “transactional lending” without the need for assets under management.

There is the option to make capital repayments to reduce the loan amount over the five-year term and the arrangement fee was added to the mortgage.

The rate is competitively priced and there are no early repayment charges.

Property: House in Central London

Value: £9 million

Mortgage: £3.6 million

Rate: 3% over three month LIBOR – current rate 3.58%

APR: 4%

Reversion rate: N/A

Lenders arrangement fee: 1% product fee

Mortgage term: 5 year term

Repayment type: Interest-only

Loan-to-value: 40%

Early repayment charge: None

The actual rate available will depend on your circumstances. Please ask for a personalised mortgage illustration.

For help to remortgage to another lender, call Trinity on 020 7016 0790.

Get in Touch

Get in touch

To arrange a meeting with one of our expert mortgage advisers complete our enquiry form 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