£2.6 million tracker mortgage for a private equity professional buying a £3.3 million home

by Trinity Financial

Nov 10 2026

Trinity Financial arranged a £2.6 million mortgage for a private equity professional who wanted to buy a £3.3 million home before selling his existing property. A major bank took his basic salary and bonus income into account. We arranged the loan on a part interest-only, part repayment basis over 25 years to keep the required monthly payments lower while he renovated the new property.

Buying before selling to give the client time to renovate

The client wanted to stay in his existing home while work was underway on the new property. The renovation included a new kitchen, a new bathroom and redecoration throughout. He planned to put his existing home on the market once the work was complete.

We needed a lender that could consider a £2.6 million mortgage while the client still owned his existing home and take account of his twice-yearly bonuses alongside his basic salary. The client also wanted the flexibility to make lump-sum repayments when those bonuses were paid, so early repayment charges and overpayment terms were important to the choice of product.

A tracker mortgage with 75% of the loan on interest-only

We arranged a Bank of England base rate tracker with a major bank for a £995 product fee. The tracker’s initial rate was lower than the fixed rates we considered for this case. The client understood that his monthly payments could rise if the base rate increased.

We structured 75% of the loan on interest-only and 25% on capital repayment. This reduced the required monthly payments compared with putting the entire loan on capital repayment. The client planned to use his twice-yearly bonuses to reduce the mortgage balance. Any balance still outstanding on the interest-only portion would need to be repaid by the end of the term.

Speak to Trinity Financial about a large mortgage

If you work in private equity and want to buy before selling, or need a lender to consider your bonus income for a large mortgage, speak to Trinity Financial. Tell us the purchase price, how much you want to borrow and how your bonuses are paid so we can discuss which lenders may suit your plans.

Call Trinity Financial on 020 7016 0790 to secure a 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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