£2.6 million mortgage for a £4 million family home, with an offer produced in two weeks
Trinity Financial secured a £2.6 million mortgage offer in two weeks for a couple buying a £4 million family home. The lender took restricted stock unit (RSU) income into account alongside the couple’s salaries and bonuses. With just 28 days to exchange contracts from their offer to buy the house being accepted, getting the mortgage offer issued promptly gave their solicitors more time to progress the purchase.
Buying a family home on a tight deadline
The couple came to Trinity Financial through a client referral. They had both previously worked at Facebook and were renting when they found the home they wanted to buy. They had a substantial share portfolio, but they also wanted to keep money set aside for school fees and childcare. The mortgage had to fit around those commitments while covering a substantial share of the purchase price.
Using RSU income to support mortgage affordability
Our broker approached a lender that could consider the couple’s RSU income alongside their combined basic salaries and bonuses. The lender included RSU income in its affordability assessment, which helped support the borrowing they needed. The couple’s share portfolio was a separate part of their wider financial position. The lender offers a competitively priced two-year fixed rate with the option to make lump sum overpayments.
How we secured the mortgage offer in two weeks
Our broker used established contacts at the lender to agree what evidence it needed and check whether it could issue an offer in time. The timetable depended on the clients providing the required documents promptly. The lender issued the formal offer within two weeks, ahead of the 28-day exchange deadline. The mortgage had a 25-year term and an initial fixed-rate period covering the rest of the completion month plus 24 full months.
Looking for a large mortgage using RSU or bonus income?
If you’re buying a family home and a significant part of your pay comes from RSUs or bonuses, speak to Trinity Financial about how lenders could assess your income. If you’re working to an exchange deadline, tell us the date when you get in touch so we can factor it into the lender search.
Call Trinity Financial on 020 7016 0790 to secure a large loan fixed or tracker rate mortgage, book a consultation, or use our appointment calendar
The information contained within was correct at the time of publication but is subject to change. It is for general information purposes and is not advice.
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