Mortgage for couple buying a house with 10% deposit with one applicant on a visa

A couple approached Trinity Financial's broker Sophie Roe after being referred by an existing client. They were looking to purchase a house with a 90% loan-to-value mortgage, meaning they had only a 10% deposit.

The couple were unmarried, and their residency status added an extra layer of complexity. One applicant had Indefinite Leave to Remain (ILR) in the UK, while the other was living in the UK on a visa.

Their employment situations were also slightly different: one applicant worked as a sole trader, while the other worked at the Chartered Institute of Public Finance and Accountancy.

The challenge

Several factors made this case more complex than a typical mortgage application:

• High loan-to-value (90%)

• One applicant on a visa

• Different employment types (self-employed and employed)

• Property type: flat

Many lenders are cautious when applicants are on visas, and in many cases require a significantly larger deposit — often around 25% where one or more applicants do not have permanent residency.

Because of this, the couple needed an adviser who understood which lenders were comfortable with their circumstances and could secure a competitive mortgage deal.

How Trinity Financial helped

We successfully arranged a mortgage with the following terms:

• 90% loan-to-value mortgage

• Repayment basis

• 25-year term

• 2-year fixed rate at just over 4%

Despite the visa situation and high LTV, we were able to secure a very competitive rate, allowing the couple to proceed confidently with their purchase.

Speak to a Trinity Financial adviser today

The mortgage market moves fast — and the right advice can make a significant difference to the rate and deal you secure. Get in touch with our team to discuss your options.

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.

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