£2 million mortgage for Indian client paid in Rupees
Trinity Financial recently arranged a mortgage just below £2 million for an Indian client paid in Rupees.
While he works in India for a family business, he regularly returns to London to stay with his wife and children.
They had a 30% deposit towards the £2.7 million property they had agreed to buy.
Why did they need our help?
Many banks and building societies do not like foreign income, especially for larger loans and when borrowers are paid in rupees.
Our clients wanted us to find them a competitively priced tracker mortgage with the option to fix it in the future.
We secured a tracker rate without early repayment charges
Trinity Financial’s broker approached a private bank offering £1 million-plus mortgages to a range of foreign nationals, including Indians.
After assessing their income and confirming the percentage of the family business owned, the bank issued a two-year tracker rate at just under 1.5% over the Bank of England base rate. The mortgage did not have early repayment charges; the product had a 1% arrangement fee.
As our client received regular bonuses and we secured him a flexible mortgage, he was planning to make regular overpayments.
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