- Large annual bonus
- 35-year mortgage term
- Super-cheap 1.49% two-year fix
Trinity Financial recently helped an investment banker and his wife buy a home in London.
The primary income earner received a large salary, with an annual bonus that was more than double the basic income.
They wanted a cheap two-year fixed rate with the option to make overpayments, also a long mortgage term to reduce the monthly costs.
Trinity’s broker contacted the large loan lending team at a high street bank to get the application agreed.
After receiving proof of the least years income, the lender was happy to make a policy exception and provide the £960,000 mortgage. Most mortgage providers do not like it when the annual bonus is larger than the basic salary.
The bank offered the second cheapest two-year fixed rate on the market at the time and provided a 35-year mortgage term linked to his younger wife’s age.
The lender provided a free property valuation and a product with the option to overpayment 10% of the mortgage each year without charge.
What was the rate?
An intermediary exclusive fixed rate of 1.49% from completion up to and including 31 January 2022. The rate reverts to the lender’s standard variable rate, currently 4.19%, for the remaining mortgage period. The APRC applicable to your loan is 3.9%. There was a £999 arrangement fee.
Call Trinity Financial on 020 7016 0790 to secure a hedgefund manager mortgage