The mortgage lender was happy to accept the application because of the continued employment and contract status. The borrower had a substantial deposit and was keen to get on the property ladder in London as soon as possible.
Case details and solution £300,000 mortgage to top up their large deposit. Property: Three bedroom property built in 1960. Mortgage rate: A two-year fixed rate at 1.95% " taken over a 25 year term to make the monthly repayments more affordable.
Reversion rate: 4% Lender''s arrangement fee: £1,495 APR: The overall cost for comparison is 3.8%. Repayment type: The mortgage has to be taken on a capital repayment basis. Early repayment charges: 3% until 31/12/2015.
Trinity can help: If you have recently arrived in the the UK and you are looking for help to secure a mortgage, call Jed Newton at Trinity Financial on 020 7016 0793 or email firstname.lastname@example.org
September 25, 2013