- Lawyers wanted to use efficient broker to secure mortgage
- £1.5 million mortgage with 20% deposit
Our client asked for help to sure a £1.5 million mortgage to purchase a new family home. They were both busy lawyers, and they wanted to find an efficient broker to secure their mortgage at a competitively priced rate. They had a 20% deposit generated through the sale of their existing property and were living in rented accommodation.
How did we help?
Trinity's broker contacted one of the banks offering £1 million-plus mortgages to borrowers with 20% deposits. Once their application was submitted it was selected for an automated valuation, meaning a valuer did not visit the property. The client paid for a separate and more thorough inspection.
What was the rate?
A 1.95% rate fixed until 31/10/2022, 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