An estate agent contact of Trinity’s asked us to help his clients to secure a mortgage.
As they moved from France less than a year ago they thought it would be better to get help to navigate the market and obtain a competitive rate.
As one of the borrowers was the managing director of an energy firm, they had a sufficient income to qualify but their credit score was limited.
We submitted an application to leading bank offering low rates and more lenient credit searching systems.
Once the lender was able to understand the reason why the applicants had a limited score and assess their income, they were happy to provide a mortgage.
Property: House in north London
Rate: 3.12% fix until 30 June 2020
Reversion rate: Reverts to the standard variable rate, currently 4%
Lenders arrangement fee: £999
Mortgage term: 28 year term
Repayment type: Full capital repayment
Early repayment charge: 5% of the outstanding balance until 30 June 2016, then 4% until 30 June 2017, 3% until 30 June 2018, 2% before 30 June 2019 and 1% before 30 June 2020.
Overpayments: Up to 10% of the outstanding balance each year without charge
The actual rate available will depend on your circumstances. Please ask for a personalised mortgage illustration.
If you would like help to secure a mortgage call Trinity on 020 7016 0790.