- £500,000 mortgage for couple buying new home
- 2.05% five-year fix
- Four incomes used for affordability purposes including rent from buy-to-let
Our clients both worked for banks during weekdays and one of them had additional income generated from a second job working as an accountant. They also owned a buy-to-let property which was rented out.
Why was it difficult?
They were looking to borrow as much money as possible using all of their income sources ideally to raise 85% of £620,000.
How did we help?
Trinity’s broker found a lender offering competitively priced mortgage rates to borrowers, and it was happy to use four incomes including the rent from a buy-to-let property. It provided more than £100,000 more than many of its competitors. The mortgage term was set to 27 years to help lower the monthly repayments.
What was the rate?
A fixed-rate of 2.05% until 30 September 2025. The rate reverts to the lender's standard variable rate of 4.49%. The overall cost for comparison is 3.6% APRC. The arrangement fee was £995 and early repayment charges apply for the full fixed rate term.
Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation