- £250,000 mortgage against £1.2 million property
- Incredibly fast mortgage offer
- 1.43% five-year fix and 30-year term
Our clients asked us to arrange a low loan-to-value mortgage to help them purchase a property. They had sold their flat in London and agreed to purchase a large house in Surrey. The couple were both employed and working from home for the foreseeable future. They requested a competitively priced fixed rate.
How did we help?
After assessing their financial situation, Trinity's broker applied to a lender offering best buy rates and prompt mortgage offers to many employed borrowers with larger deposits.
The application was submitted at 7 am on a Thursday morning, and the offer was available at 10 am. As the income multiple was around two times salary, the lender used its online systems to verify the income and carry out a desktop property valuation to verify its value.
What was the rate?
A 1.55% rate fixed until 31/01/2026, and after the fixed period it reverted to the banks 3.59% standard variable rate. The overall cost for comparison is 3% APRC. The arrangement fee was £999, and early repayment charges applied. The mortgage had a 30-year term.
Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation