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Key features:

  • £1.3 million interest-only mortgage
  • 1.59% five-year fixed rate
  • Fast mortgage offer with free property valuation

The clients:

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

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