Our client wanted us to find him a lender happy to take his more complex income situation into consideration.
As he receives a salary through a pay-as-you-earn role, he runs a limited company as well as other receiving additional disability benefits; he wanted a more approachable lender to help.
Trinity sourced a high-street lender providing us with direct access to its underwriting team. This enabled our broker to explain how the client is paid and how he can afford the mortgage.
We arranged a fast mortgage offer in order to let the client complete his house purchase.
Property: South-west London
Loan amount: £480,000
Rate: Two-year fixed rate at 2.24%
Lenders arrangement fee: £999
Mortgage term: 20 years
Repayment type: Mortgage taken on an interest-only basis
Reversion rate: Lenders standard variable rate currently 3.99%
Early repayment charge: 3% of the loan amount for two-years
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.