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£610,000 interest-only remortgage for capital raising couple with £1.4 million home

Aaron Strutt Image

Trinity Financial recently helped our clients to raise additional funds after their existing bank refused their request to borrow more.

Their fixed-rate mortgage was ending, and they wanted to raise £30,000 for home improvements on an interest-only basis, but their lending told them it would not be possible.

They were keen to secure another interest-only mortgage and a better five-year fix than their lender offered them. They worked in the IT sector and received large bonuses. 

How did Trinity Financial help?

Our broker researched the market and found a lender offering competitively priced interest-only mortgages with more generous maximum ages.

The lender offered them a great five-year fix and a 14-year term based on the oldest applicant's age, taking them to 75. The mortgage was interest-only, and the lender was happy to give them the extra £30,000 they required. 

Our broker submitted the mortgage application on the same day the client made their enquiry. We had received a notification that the bank was putting its rates up, so they provided us with the forms we needed to secure their rate.

Their new five-year fix was cheaper than their previous mortgage, so the monthly payments were lower even with the additional £30,000. 

Call Trinity Financial on 020 7016 0790 to secure a faster mortgage offer or book a consultation 

As seen in
sunday times telegraph financial times bbc news the express the times
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