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

Key features:

  • 1.51% two-year fix
  • £500,000+ mortgage with 15% deposit
  • Mortgage offer produced in five minutes after the application was submitted

The clients:

Our clients were first-time buyers moving out of rented accommodation. They wanted a mortgage agreed so they could exchange contracts as soon as possible.

What were they looking for? 

They wanted a mortgage lender to provide them with just over five times their salary and the cheapest possible rate.

Why was it difficult?

The choice of lenders was more limited because they required an income stretch mortgage of just over five times salary. One of the applicants needed to use 100% of their bonus income, and they had a young family making affordability more difficult.

How did we help? 

Trinity’s broker found a lender to provide £535,000 spread out over a 30-year term to make the monthly repayments more manageable.

Once we had all the client’s payslips and identification, our broker applied to a large bank, and they produced a particularly quick mortgage offer.

How did the lender value the property?

The bank provided a desktop valuation using its computer systems to verify the value of the property. There was no separate cost of this service, and a valuer will not physically inspect the property.

What was the rate?

The 1.51% rate was fixed until 31 March 2022, and it had a £999 arrangement fee. After the fixed-rate period, the mortgage reverts onto the lender’s standard variable rate, currently 4.24%, for the remaining mortgage period. The overall cost for comparison is 3.9% APRC.

Call Trinity Financial on 020 7016 0790 to access a fast mortgage offer

Get in Touch

Get in touch

To arrange a meeting with one of our expert mortgage advisers complete our enquiry form or mortgage questionnaire 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