As a banker our client receives a good basic income and a large bonus.
He was keen to purchase a new home and asked us to find a lender happy to take bonus income in to account with generous affordability calculations.
Trinity approached a bank happy to take 50% of bonus income into consideration, providing the client has a track record of receiving it.
As the chosen mortgage does not have any early repayment charges, the client is free to lock into a fixed rate when the Bank of England raises base rate.
He is also able to refinance after the planned property refurbishment works have been completed
Property: Located in south-east London
Loan amount: £450,000
Rate: Two-year tracker at 1.49% giving a pay rate of 1.99%
Lenders arrangement fee: £999
Mortgage term: 25 years
Repayment type: Mortgage taken on a full capital-repayment basis
Reversion rate: 3.49% over lenders base rate, currently 3.99%
Early repayment charge: £80 early repayment charge
The actual rate available will depend on your circumstances. Please ask for a personalised mortgage illustration.
If you would like help to secure a mortgage, call Trinity on 020 7016 0790. You can also email: email@example.com