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Key features:           

  • Second-home mortgage to secure stunning country home dating back to 17th-century with pond, woodland, paddocks and swimming pool across 25 acres        
  • £1.25 million interest-only mortgage to purchase £2.5 million house 
  • 1.60% mortgage rate with £1,499 arrangement fee for managing director of large firm 

Our client 

Our client asked for help to secure a mortgage to purchase a fantastic country house with lots of land. His main residence was in London, and he wanted a second home for his family to live in out of London.  

He was the managing director of a large firm and received a large part of his income through bonuses. He was keen to get as much of the mortgage on interest-only as possible. 

How did we help?       

Trinity's broker initially contacted a selection of lenders offering competitively priced rates to ensure they would accept the property and the client's income. Many of the banks and building societies do not like properties will more than a few acres, and they also prefer borrowers' basic salary to be larger than their bonus. 

The solution 

An application was submitted to a large bank offering incredibly cheap rates. A selection of private banks were keen to provide the mortgage, but we wanted the lowest fixed read. The valuer approved the property, so the mortgage offer was approved within three weeks. 

What was the rate?          

A 1.60% rate fixed until 31/03/2023, and after the fixed period it reverted to the banks 3.59% standard variable rate. The overall cost for comparison is 3.4% APRC. The arrangement fee was £999, and early repayment charges applied. The mortgage had a 25-year term.         

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation 

Get in Touch

Get in touch

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.

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