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

Our client asked us to provide her with remortgage options as her fixed rate deal was coming to an end. She wanted to lock into a long term fixed rate to protect her from future increases to the Bank of England base rate.

Case details and solution

As there is a range of longer term fixed rates available at the moment, there were a lot of options. We presented her with five and ten-year fixed rates.

After going through the mortgages and explaining the benefits of each, she was keen to switch banks and secure a competitive ten-year deal.

Property: House valued at £400,000 in Harrow, London.

Loan amount: £245,000.

Lenders arrangement fee: £1,499 and added to the loan amount.

Rate: Ten-year fix at 3.99%.

Reversion rate: After ten-years, the mortgage reverts to 3.49% over the Bank of England base rate.

APR: The overall cost for comparison is 4%.

Term: 25 years.

Repayment type: The mortgage was taken on a full capital repayment basis.

Loan-to-value: Approximately 60% of the property value.

Early repayment charge: 6% of the loan amount until 2021 and 3% until 2024.

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 to purchase a property, call Trinity on 020 7016 0790. You can also email: enquiries@trinityfinancialgroup.co.uk

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