- 1.24% two-year fixed rate
- Mortgage for self-employed locum doctor
- Low loan-to-value £540,000 for house purchase
Our clients asked for help to secure a competitively priced two-year fixed-rate mortgage to fund their new property purchase. As they had a mixture of employed and self-employed income, they wanted a lender to accept provide a four times salary mortgage. They had a large 35% deposit which was generated from the sale of their current home and had read about some of the negative press around the self-employed.
How did we help?
Trinity's broker approached a lender with a good reputation for helping the self-employed because it was offering a fantastically cheap rate. Even though the doctor had been working as a locum for the last four years, she only needed to provide her last two years’ accounts. The banks required three payslips from the employed worker and the mortgage offer was produced within 15 working days.
What was the rate?
A 1.24% rate fixed until 01/01/2023, and after the fixed period it reverted to the banks 4.34% standard variable rate. The overall cost for comparison is 3.7% APRC. The arrangement fee was £1,495, and early repayment charges applied. The mortgage had a 19-year term.
Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation