Residential property purchase mortgage offer in less than 24 hours

Client profiles

Trinity Financial's clients had recently had an offer accepted on a property. As first-time buyers purchasing together, they were keen to move quickly and secure a competitive mortgage rate in a volatile market.

The challenge

Although their situation was relatively straightforward, timing was critical. Shortly after their offer was accepted, geopolitical tensions in the Middle East began impacting financial markets and mortgage pricing. The couple were concerned that interest rates might increase and wanted to secure a competitive deal as soon as possible to give them peace of mind.

The clients were not under pressure to complete immediately, but they were eager to move quickly and lock in a rate before further increases. They were both employed working as police officers. 

How Trinity Financial helped 

One of the applicants had previously worked with Trinity Financial for a remortgage, so they returned to us for trusted advice.

After reviewing their circumstances, we confirmed affordability was strong – particularly as one applicant had recently received a pay rise. This gave us a good selection of lenders to consider.

We recommended a 5-year fixed-rate mortgage at below 4%, structured on a capital repayment basis over a 30-year term, at 85% loan-to-value.

The result

Speed proved crucial. The mortgage application was submitted on the 5th of the month, and the mortgage offer was issued on the 6th — in under 24 hours.

Even more importantly, the lender increased the rate to 4.09% the very next day, meaning the clients secured a significantly better deal by acting quickly.

Outcome for the Clients

• Mortgage secured at below 4% fixed for 5 years

• 85% LTV repayment mortgage (15% deposit)

• 30-year mortgage term

• Mortgage offer issued within 24 hours

• Fixed rate secured before a lender increase

By moving swiftly, the clients locked in a competitive rate and gained certainty about their future payments despite a rapidly changing market.

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.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage