How much would a £500,000 mortgage cost?
If you're looking to borrow £500,000 over 30 years with an interest rate of 5%, that could cost you £2,083.33 per month with an interest-only mortgage. This rises to £2,684.11 on full capital repayment.
Find out how much you can borrow using our maximum loan calculator.Try our calculator
Trinity Financial has access to banks and building societies providing mortgages to borrowers paid in various currencies, including Euros, US Dollars and Swiss Francs.
As demand for property has increased and more international people move to the UK, lenders have adapted to provide suitable mortgages.
Trinity Financial consistently helps people working for multinational businesses based in the UK and overseas who want to buy homes, typically in London and the south-east.
Many international firms employ British people or assign their staff to work in the UK, but they do not pay them in British pounds.
Bonuses are also regularly paid in US Dollars by companies in London and outside of the US.
Lenders working harder to target borrowers paid in different currencies
Increasingly banks and building societies offer foreign income mortgages, and they are particularly keen to attract clients paid in US Dollars and Euros.
They are set up to lend to those living and working in the UK or overseas, borrowers commuting to international destinations and British expats working overseas but buying properties in the UK for their families to live in.
Private banks often provide £1 million+ mortgages to those paid in international currencies, while other large banks have competitively priced rates targeting these borrowers. Surprisingly, many smaller building societies also offer foreign-income mortgages.
Our experts consistently arrange foreign income mortgages for borrowers paid in:
- Euro EUR,
- Australian Dollar AUS
- Canadian Dollar CAD,
- Danish Krone DKK,
- Japanese Yen,
- Singapore Dollar SGD,
- Swedish Krona SEK,
- Swiss France CHF,
- United States Dollar USD.
Foreign income mortgages over £500,000
Many clients who are paid in foreign currencies often struggle to find the right mortgage, particularly when buying valuable UK property. Trinity's specialists constantly arrange bespoke mortgages and open up the market to them.
Clients are welcome to meet us at our offices in St James's or Islington, central London, or we can come to you if you're based in London. Then, it is possible for us to continue to manage your mortgage application over the telephone.
Call Trinity Financial on 020 7016 0790 to secure a £500,000+ foreign income mortgage.
Your home may be repossessed if you do not keep up repayments on your mortgage.