£500,000 mortgage for British and American couple buying family home in London
Trinity Financial recently arranged a low-deposit mortgage for a couple buying a new family home in London.
They moved back to the UK from America two years ago and decided they wanted to buy a family home for their children.
One is a British citizen, and the other is an American citizen on a spousal visa.
They were borrowing just over £500,000 to purchase the £550,000 property.
Why did they need our help?
As one of the clients was American and on a spousal visa, they were unsure whether they could obtain a sufficiently large mortgage.
Trinity Financial’s broker approached a lender with a strong track record of lending to Americans at competitively priced rates.
What rate did they opt for?
They opted for a five-year fixed-rate at just over 4.25% for the payment security, but would have qualified for a two-year fixed rate.
Mortgage lenders often offer larger loan amounts when borrowers opt for longer-term rates.
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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.
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