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

Case details

After finding a studio flat in Bloomsbury our client was keen to find out whether it was possible to secure a mortgage before making an offer.

As the flat has a floor space of 25 square metres, he knew this could potentially be an issue with some lenders.

Solution

In order to make sure the mortgage went through as smoothly as possible, our broker spoke to a local surveyor before submitting the mortgage application. This enabled him to find out if the property was suitable security for the lender.

Once the surveyor valued the property and confirmed he had no issues with its re-sale value, the application was submitted. A mortgage offer was produced within 10 working days.

Trinity has access to a host of banks and building societies offering studio flat mortgages. They will typically expect the property to be in good condition and in a nice location.  

Source: Website enquiry

Property: Studio flat in central London

Value: £340,000

Mortgage: £289,000

Rate: 2.64% fixed until 31/12/2018

The overall cost for comparison is: 3.7% APR.

Reversion rate: Standard variable rate currently 3.99%

Lenders arrangement fee: £995

Mortgage term: 23-year term

Repayment type: Full capital-repayment

Loan-to-value: 85%

Early repayment charge: 3% before 31/12/2017, 1% before 31/12/2018

The actual rate available will depend on your circumstances. Please ask for a personalised mortgage illustration.

For help to secure a studio flat mortgage, call Trinity on 020 7016 0790.

Get in Touch

Get in touch

To arrange a meeting with one of our expert mortgage advisers complete our enquiry form 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