- Debt consolidation remortgage
- Couple had credit cards and a loan
- Debts to be repaid on completion
Our clients worked as professionals in the IT sector and built up around £70,000 of personal debt, developing their business and paying school fees.
Their current fixed rate with Santander was coming to an end, and the bank was not happy to provide them with more money to pay off their debts.
They had 15 credits cards and a personal loan, and they wanted to remortgage to lower their monthly costs.
How did we help?
Trinity’s broker contacted a lender with one of the most generous debt consolidation policies in the market.
He assessed their overall affordability and the lender agreed to provide a £200,000 mortgage on the condition the unsecured debts were repaid on completion.
What was the rate?
We secured a 2.30% fixed rate until 31 January 2022 - with a 3.8% APRC. There was a £999 arrangement fee and a free property valuation. The mortgage reverted onto the lenders 4.99% standard variable rate. The mortgage offer was produced within five working days.
Call Trinity Financial on 020 7016 0790 to secure a debt consolidation mortgage