Trinity Financial has access to mortgage lenders using the vested stock income to secure more generous mortgages.
Some of the biggest banks accept up to 100% of vested stock providing clients can show a regular income from this source. They will require three months’ bank statements and evidence of the source, e.g. portfolio of stocks and shares.
The lenders may also require a letter from a qualified accountant confirming income for the last six months in addition to advising source, that there are no encumbrances and that the income covers the term of the proposed mortgage.
Aaron Strutt, product director at Trinity Financial, says: “More of the lenders have set up specialist teams to agree applications for larger mortgage loans for clients with more complex financial situations. These lenders offer great rates and low arrangement fees.
“Some lenders are also to accept up to 100% of vested share income if the client has a strong credit history and can it can be confirmed it’s a regular and sustainable part of the applicant’s compensation package.”
We recently arranged a £1.2m mortgage for an IT professional using his vested stock income to boost the maximum loan size.
Call Trinity Financial on 020 7016 0790 to secure a vested stock mortgage