- £616,000 mortgage agreed for self-employed accountant and insurance broker
- 1.53% two-year fixed rate mortgage to purchase family home
- Portfolio of properties in the background
Our clients had been living in a flat in central London and decided to buy a larger house in Surrey to get more outside space. One of the borrowers was a self-employed accountant while the other applicant was an employed insurance broker.
Why was it difficult?
Once the couple had found a house to purchase they were under pressure from their estate agent to get their mortgage agreed. They wanted us to find them a lender providing cheap fixed rates for those with a 15% deposit and issue a five times salary income multiple. The lender also needed to accept portfolio landlords.
How did we help?
Trinity's broker approached a large bank offering income stretch and fast mortgage offers. The bank provided funding for employed and self-employed clients, and portfolio landlords provided they could show the rental income on their bank statements covering the mortgage payments.
What was the rate?
A fixed-rate of 1.55% until 31 July 2025. The rate reverts to the lender's standard variable rate of 3.59%. The overall cost for comparison is 2.8% APRC. The arrangement fee was £999 and early repayment charges apply for the full fixed rate term. The mortgage had a 25-year term.
Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation