£1.4 million for investment banker remortgaging before Budget to raise cash for home improvements and garden landscaping
What did our clients do for a living?
Group Executive Board member for a global investment bank. His partner also worked in financial services.
Did they have a complex situation?
Our clients requested that we arrange a remortgage on their second home, enabling them to access a more competitively priced rate than their existing lender was offering. They also wanted to raise funds to pay for home improvements, including a small extension and landscaping the garden.
Were they in a rush to complete?
No, they were returning customers, but they did want to lock in a rate before the upcoming Budget.
Why did they need our help?
We had helped our clients secure numerous mortgages, and they particularly enjoyed working with one of our brokers. They have high-pressure jobs and wanted the mortgage to be processed and arranged for them.
Did we struggle to find a lender?
Our clients had a choice of numerous lenders; they wanted one offering 60% of the mortgage interest-only, with the sale of the property serving as the interest-only repayment vehicle. They planned to make overpayments and pay down the mortgage using the 10% overpayment facility when they received their bonuses.
Was the rate particularly good?
Sub 3.90% five-year fixed rate. They sought longer-term payment security and did not believe rates would decrease significantly anytime soon.
Lending solutions with Trinity Financial
Are you looking to buy a property and require expert advice? We’re here to help you find a solution – no matter how complex your circumstances. Our expert brokers have extensive experience providing creative solutions to secure mortgages for our clients.
Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation
The information contained within was correct at the time of publication but is subject to change.
Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
