- Couple returning to the UK after living in Luxemburg
- Income generated through limited companies and European Investment Bank pension
- 15% deposit to access £400,000 mortgage
Our clients asked for help to secure a mortgage after their application to a high street bank was rejected. They were returning to the UK after working in Luxemburg.
The married couple had found a property to purchase and had a 15% deposit. While they had stable salaries generated through their consulting companies, a large chunk of their income came through a European Investment Bank pension.
How did we help?
Trinity's broker contacted a large bank accepting a combination of self-employed and pension income when clients can provide a list of supporting documentation. As our clients had two companies, the lender wanted to see bank statements and accounts from each firm and get the pension statement translated into English. The lender was happy to take income paid in Euros.
What was the rate?
A 2.94% rate fixed until 31/05/2026, and after the fixed period, it reverted to the banks 3.54% standard variable rate. The overall cost for comparison is 3.3% APRC. The arrangement fee was £999, and early repayment charges applied. The mortgage had a 20-year term, and there was a free property valuation.
Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation