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Key features:      

  • £500,000 mortgage arranged to help purchase £915,000 property 
  • Five times salary income multiple    
  • 1.43% five-year fix and 30-year term 

Our clients      

Our clients asked for help to secure a five times joint income mortgage to purchase a flat in London. They were both employed engineers buying their first home, and the deposit was being gifted. One of them was an EU national, and they wanted a longer-term fix. 

Why was it difficult?   

Many of the lenders have stopped offering five times salary mortgages, and some have tightened their gifted deposit rules. Some of the banks and building societies have also increased their longer-term fixed rates.

How did we help?    

Trinity's broker secured a five times joint income mortgage with a lender offering low five-year fixes to borrowers with larger deposits. The bank was happy with the gifted deposit and provided a mortgage offer within 10 working days. Our broker had a Skype call with the clients to verify their identification and answer any questions. 

What was the rate?      

A 1.43% rate fixed until 31/12/2025, and after the fixed period it reverted to the banks 3.59% standard variable rate. The overall cost for comparison is 2.9% APRC. The arrangement fee was £1,499, and early repayment charges applied. The mortgage had a 30-year term.     

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation 

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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.

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