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Trinity Financial arranged a £720,000 residential mortgage for an Italian banker buying a new home in Surrey. He has been living and working in the UK for quite some time although he was keen to move up the property ladder and buy a bigger property. Case details and solution We approached a mortgage lender offering leading rates that was happy to accept a combination of guaranteed and bonus income. Property: House valued at £1 million in Surrey. Mortgage loan amount and rate: Approximately £720,000 taken on a lifetime tracker rate at 1.99% over the Bank of England base rate. Lenders arrangement fee: £495 and added to the loan. APR: The overall cost for comparison is 2.5%. Term: 25 years. Repayment type: Part interest-only and part capital-repayment. Sale of the property stated as the repayment vehicle for the interest-only section of the mortgage. Taking a combination of these payment methods keeps costs to a minimum while ensuring part of the mortgage is repaid. Loan-to-value: Approximately 70% of the property value. Early repayment charge: No early repayment charges so the mortgage can be repaid at any time. Call Trinity on 020 7016 0790 to secure a leading mortgage rate. You can also email: enquiries@trinityfinancialgroup.co.uk May, 2014

Trinity Financial arranged a £720,000 residential mortgage for an Italian banker buying a new home in Surrey.  

He has been living and working in the UK for quite some time although he was keen to move up the property ladder and buy a bigger property.

Case details and solution

We approached a mortgage lender offering leading rates that was happy to accept a combination of guaranteed and bonus income.  

Property: House valued at £1 million in Surrey.

Mortgage loan amount and rate: Approximately £720,000 taken on a lifetime tracker rate at 1.99% over the Bank of England base rate. 

Lenders arrangement fee: £495 and added to the loan.

APR: The overall cost for comparison is 2.5%.

Term: 25 years.

Repayment type: Part interest-only and part capital-repayment. Sale of the property stated as the repayment vehicle for the interest-only section of the mortgage. Taking a combination of these payment methods keeps costs to a minimum while ensuring part of the mortgage is repaid.

Loan-to-value: Approximately 70% of the property value.

Early repayment charge: None.

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

Call Trinity on 020 7016 0790 to secure a leading mortgage rate. You can also email: enquiries@trinityfinancialgroup.co.uk

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