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:

  • 1.74% three-year fix
  • £800,000 mortgage with a 15% deposit
  • Next-time buyers with properties in the background

The clients:

Our clients were both next-time buyers purchasing their first property together with permission to let on their respective homes. They both worked in the banking industry.

What were they looking for? 

They had found a property they wanted to purchase and had an offer accepted. They wanted the lowest possible rate using five-times joint income using a large percentage of an annual bonus.

Why was it difficult?

Many lenders take background mortgages with consent-to-let into account for affordability purposes reducing the maximum loan size.

How did we help? 

Trinity’s broker found a lender to provide £800,000 over a 35-year term to make the monthly repayments more manageable. As the clients wanted to act quickly, we also used a lender offering great rates and fast mortgage offers.

What was the rate?

The 1.74% rate was fixed until 31 March 2023, 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 3.58% APRC.

Call Trinity Financial on 020 7016 0790 to secure a larger mortgage

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