skip to main content

Request a call back

Leave your contact details and one of our expert advisers will call you back shortly.

You can also complete our mortgage questionnaire for a more accurate initial response.

Please note, by submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.

Menu

Case details

As an IT contactor working for a large bank in London our client was keen to find a lender offering leading rates and fast mortgage offers.

He had recently signed a new contract and started working under an umbrella company earning a good daily rate.  

Solution:

Trinity approached a bank happy to offer IT contractors a mortgage even if they have just signed a new contract. They wanted to understand who the client had worked for and confirm they have experiance as a contractor.

In order to work out how much the client was paid the bank used the calculation of the daily pay rate x 5 x 46 weeks. They then used their standard income multiples of up to 4.5 times salary.

Property: Flat in London

Value: £570,000

Mortgage: £450,000

Rate: Fixed rate at 2.04% for two-years

APR: 3.7%

Reversion rate: Lenders standard variable rate, currently 4%

Lenders arrangement fee: £999 product fee

Mortgage term: 25 years

Repayment type: Mortgage taken on a capital repayment basis

Loan-to-value: 79%

Early repayment charge: 2% if the mortgage is repaid before 1/08/2016 and then 1% before 01/08/2017.

The actual rate available will depend on your circumstances. Please ask for a personalised mortgage illustration.

Call Trinity to secure an IT contractor mortgage on 020 7016 0790.

Get in Touch

Get in touch

To arrange a meeting with one of our expert mortgage advisers complete our enquiry form and we will call you back. Please note, by submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.

Need some advice today?

Book a Consultation Mortgage Questionnaire