- £1.3 million interest-only mortgage
- 1.59% five-year fixed rate
- Fast mortgage offer with free property valuation
Our clients worked in the property industry as chartered surveyors and were partners in the company they worked for.
What were they looking for?
They were looking for a large mortgage with as much of the loan on interest-only as possible.
Why was it difficult?
It was difficult because there were five partners in the firm and most lenders required at least eight partners. Our clients required a mortgage on full interest-only using an accountants certificate and letter from the firm's financial director confirm earnings, rather than their individual company accounts.
How did we help?
Trinity’s broker submitted an application to a large lender providing interest-only mortgages with the sale of the property as the repayment vehicle for those earning over £250,000. He arranged a £1.3 million mortgage, and it was all on interest-only. The mortgage offer was produced with 10 working days.
What was the rate?
The fixed-rate was 1.59% from completion up to and including 02 February 2025. After 02 February 2025 the rate changes to the lender’s standard variable rate, currently 4%, for the remaining mortgage period. The APRC applicable is 3.3%, and there was a £999 arrangement fee.
Call Trinity Financial on 020 7016 0790 to secure a large interest-only mortgage