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Expert Knowledge & Professional Service

At Trinity Financial we provide a quick, consistent and quality service ensuring that we always find the best mortgage to suit you.

Residential Mortgages

Residential Mortgages

Trinity has a wealth of experience in arranging finance for both property purchases and re-mortgages.

We have access to over 40 of the leading mortgage lenders and, also, the mortgages being offered by smaller building societies and the best private banks.

Buy-to-let Mortgages

Buy-to-let property investments can offer regular rental income or even act as an alternative to a pension annuity. Trinity has access to lenders providing impressive rates and generous rental calculations enabling them to offer more generous loan sizes. 

We also offer:

  • First-time buyer mortgages
  • Mortgages over £500,000
  • Interest-only mortgages
  • Mortgages for Professionals
  • Second home and holiday let mortgages
  • Buy-to-let portfolio reviews
  • Investment banker mortgages
  • Private bank mortgages

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Barclays removes requirement to open Premier bank account to secure 5.5 times salary mortgage

Barclays for Intermediaries has removed the necessity to open a Premier current account to access its 5.5 times salary mortgages.

Barclays was one of the first major lenders to provide 5.5 times salary mortgages, but other providers have adopted similar income policies providing them with more competition. Applicants will still need a sole income of £75,000 or a joint income of £100,000 to qualify.

Aaron Strutt, product director at Trinity Financial, says: "More of the lenders are offering generous income multiple mortgages, so there is a lot of choice at the moment.

"Trinity's brokers have access to one building society providing up to 5.75 times income mortgages when you borrow between £500,000 and £1.5 million. The lender can use up to 100% of bonuses and provide part interest-only."

Barclays new build house loan size increased

Barclays has raised the maximum loan size on all 85%+ loan-to-value lending on houses from £375,000 to £500,000. For borrowers looking to pay-off the Equity Loan element of their Help to Buy scheme, the bank has also expanded its policy to allow lending up to 90% loan-to-value.

Call Trinity Financial on 020 7016 0790 to secure a mortgage

Newcastle offering 5.75 times salary for mortgages between £500,000 and £1,500,000

Newcastle for Intermediaries is offering one of the most generous income multiples to borrowers looking for larger loans.

The building society has a section of two-year fixed and discounted rates, plus a five-year fix.

The lowest rate is fixed at 1.79% until 28 February 2022 and it has a £1,999 arrangement fee. After the fixed-rate period, the mortgage reverts onto the lenders 4.49% standard variable rate and the APRC is 5.10%. Applicants will need a 20% deposit to qualify and there is a free property valuation.

Aaron Strutt, product director at Trinity Financial, says: “Newcastle’s rates are much more competitively priced than many of the other lenders offering income stretch mortgages and the setup fees are cheaper. A few of the building societies charge per cent based arrangement fees.

"If you are looking for a five-year fix Newcastle offers a 2.55% rate and it also has a £1,999 arrangement fee. The APRC is 4.70%.

Are you paid a bonus, or do you get overtime or commission?

Newcastle can accept up to 100% of frequent overtime, bonuses and commission when it is paid monthly and evidenced on last three months consecutive payslips. The income will need to show on the year to date earnings on payslips and these payments have been consistent.

The society can take 100% of less frequent bonus payments where there is a two-year track record and it shows on the last two P60s; to qualify the gross income, including bonus, must be in excess of £100,000.

Are you looking for interest-only 5.75 times salary mortgage?

Newcastle offers interest-only loans where the maximum loan-to-value is 75% and this is capped at 80% overall.

The society will accept the sale of the property where interest-only exposure is capped at 50% loan-to-value and there must be a minimum of £150,000 equity in the property on completion. Any additional loan-to-value up to 80% would need to be on capital repayment.

Call us on 020 7016 0790 to secure a mortgage or use our online enquiry forms to book a consultation or complete our questionnaire

Could a bridging loan help save your property chain break? Or repay development finance?

Trinity‘s brokers have access to market-leading bridging loan rates to help clients raise funds quickly.

Bridging loans have increased in popularity as buyers act to secure cheaper properties often when they cannot find a buyer for their homes. 

The most popular reasons for bridging loans include:

  • Chain breaks – the classic scenario – bridging loans enable the chain to continue if a buyer pulls out. The seller can proceed with the transaction and repay the loan when they sell their property.
  • Property refurbishment – bridging loans enable buyers to complete light and heavy refurbishments if a property is not habitable or suitable for mortgage purposes.
  • Developer exit – some developers do not sell their properties before the finance is due to be repaid – a bridging facility can clear potentially expensive development finance as well as release further cash to finish the build.
  • Auction purchases  – an ideal way to ensure that the 28-day deadline is achieved if a buyer has not applied for a mortgage.

What is the cheapest bridging rate?

Trinity Financial has access to non-regulated bridging loan rates starting from 0.48% per month rising to 0.75% per month.

Maximum 75% loan-to-value
Maximum 36-month term
2% arrangement fee added + £295 admin fee
Minimum loan £75,000 loan with a maximum of £15 million
First charges only

Trinity Financial lowest bridging loan rate starts from 0.48% per month up to 50% loan-to-value. There is a 2% completion fee, and it is available for loans between £75,000 and £15 million.

The rate increases up to 0.55% per month at 55% loan-to-value, or 0.59% per month up to 65% loan-to-value. It increases to 0.75% per month up to 75% loan-to-value.    

Call Trinity Financial on 020 7016 0790 to secure a fast bridging loan

£500,000+ mortgage offer produced for first-time buyers in five minutes

Key features:

  • 1.51% two-year fix
  • £500,000+ mortgage with 15% deposit
  • Mortgage offer produced in five minutes after the application was submitted

The clients:

Our clients were first-time buyers moving out of rented accommodation. They wanted a mortgage agreed so they could exchange contracts as soon as possible.

What were they looking for? 

They wanted a mortgage lender to provide them with just over five times their salary and the cheapest possible rate.

Why was it difficult?

The choice of lenders was more limited because they required an income stretch mortgage of just over five times salary. One of the applicants needed to use 100% of their bonus income, and they had a young family making affordability more difficult.

How did we help? 

Trinity’s broker found a lender to provide £535,000 spread out over a 30-year term to make the monthly repayments more manageable.

Once we had all the client’s payslips and identification, our broker applied to a large bank, and they produced a particularly quick mortgage offer.

How did the lender value the property?

The bank provided a desktop valuation using its computer systems to verify the value of the property. There was no separate cost of this service, and a valuer will not physically inspect the property.

What was the rate?

The 1.51% rate was fixed until 31 March 2022, and it had a £999 arrangement fee. After the fixed-rate period, the mortgage reverts onto the lender’s standard variable rate, currently 4.24%, for the remaining mortgage period. The overall cost for comparison is 3.9% APRC.

Call Trinity Financial on 020 7016 0790 to access a fast mortgage offer

Let-to-buy mortgages - frequently asked questions

Even though the buy-to-let market has slowed down because of the recent stamp duty and buy-to-let tax changes, many of our clients still like the idea of having an investment property. They are keen to benefit from rental income and future house price rises. 

Can let-to-buy help borrowers struggling to sell their homes?

Some homeowners are struggling to sell their properties because of the stagnant property market, so they are turning to let-to-buy. 

Many of our clients have told us they either can’t sell their property or get enough money to make the figures stack up to make it worth moving home. By turning their property into a buy-to-let while releasing equity to put towards a new property, they can keep it as an investment and take advantage of the cheap rates.

Let-to-buy provides an alternative option for chain breaks and those buyers who do not want to lose out on a property purchase through a lack of funds. 

How do the rates compare to standard buy-to-let deals?

Most banks and building societies do not charge a premium for let-to-buy mortgages, so the rates are the same.   

Barclays has a 1.35% two-year buy-to-let fixed rate for those with a 35% deposit and it has a £1,795 fee. The APRC is 4.7%.

Residential rates are as low as 1.25% for those with a 25% deposit and it has a £995 fee.

Applicants will typically be able to borrow up to 75% loan-value when converting their home to a buy-to-let. They will then have at least 10% to put down as a deposit for the onward purchase.

The larger your deposit, the cheaper the rate.

Example case showing how the figures stack-up with let-to-buy

We recently arranged a let-to-buy mortgage for a client who wanted to move home relatively quickly and keep his property as an investment. The house was in a great area and he thought prices would rise over the longer-term.

His home was worth £500,000 and by swapping it to a buy-to-let up to 75% loan-to-value, he could borrow £375,000. The existing mortgage was £175,000 and by raising £200,000 the funds could be put towards the new purchase.

The client took a buy-to-let two-year fix at 1.6% with a £1,795 arrangement fee. The rental income was £1,500 per month and the interest-only payment was £500 per month.

The purchase price of the new property was £650,000 and most of our clients 20% deposit was was generated through the remortgage. The new residential loan amount was £360,000 on a two-year fix at 1.78% capital repayment mortgage. The monthly repayments were £1,693 and there was a £999 arrangement fee.

The additional 3% stamp duty was £42,000 and the remaining amount (£28,000) for home improvements on the new property.

Are there any income restrictions with let-to-buy?

Clients typically need to have a good income and equity in their property to make let-to-buy work.

Some lenders will only use rental income to determine the maximum loan amount affordable. As a result, low rental yields can prevent the client from borrowing a large enough mortgage. For example, with a basic rental calculation and £1,500 per month rent, the maximum loan could be capped at £225,000.

There must often be a simultaneous completion on the new residential purchase.

Which lenders offer let-to-buy mortgages?

Metro Bank, Clydesdale Bank, TSB, Skipton Building Society, Virgin Money for Intermediaries, Barclays and NatWest all offer competitively priced let-to-buy mortgages.

Call Trinity Financial on 020 7016 0790 to secure a mortgage

Halifax offering cheapest fixed rate mortgages for property purchases

Halifax for Intermediaries is offering a selection of the most competitively priced fixed-rate mortgages.

The bank has the cheapest two, three, five and ten-year fixed-rate mortgages and the lowest two-year tracker. They are available to applicants purchasing a property and borrowers will need a 40% deposit to qualify.

The lowest rate without a minimum loan size is 1.17% and it has a £995 arrangement fee. After the fixed-rate, the mortgage reverts to the lenders 4.24% standard variable rate and the APRC is 3.8%. It is available for mortgages up to £1 million.

Aaron Strutt, product director at Trinity Financial, says: “It is unusual for a bank to be targeting the purchase market so aggressively with such competitively priced rates. Trinity's brokers consistently submit applications to Halifax because the lender offers great rates and fast mortgage offers. It also has flexible acceptance criteria and offers larger loans.”

Many of the lenders have different prices for their purchase and remortgage products.

Lender

Rate

Reversion rate

The overall cost for comparison is

Deposit

Fee

Early repayment charge

Halifax

1.17% two-year fix

4.24%

3.8%

40%

£995

Yes

Halifax

1.39% three-year fix

4.24%

3.6%

40%

 

£999

Yes

Halifax

1.46% five-year fix

4.24%

3.2%

40%

£999

Yes

Halifax

2.22% ten-year fix

4.24%

3.0%

40%

£995

Yes

Halifax

1.15% two-year tracker

4.24%

3.8%

40%

£999

Yes

Call Trinity Financial on 020 7016 0790 to secure a mortgage

£370,000 debt consolation mortgage for client with credit cards and personal loans

Key features:

  • £370,000 debt consolidation mortgage over 32-year term
  • Repaid credit cards and loans and dramatically reduced monthly repayments
  • 80% loan-to-value and 1.80% two-year fix

Our client:

Our client was a sales manager working for a large firm and he lived and worked in Surrey.

What was he looking for?

He was looking for a lender to offer him a competitively priced fixed-rate remortgage deal and raise funds to consolidate around £60,000 of credit cards and loans. He built up the debt to fund refurbishment work on his home.  

Why was it difficult?

Many of the lenders have tightened their acceptance criteria and there are limits on the amount of debt clients can refinance. He also needed a lender to provide him with a five times income multiple and use his bonus income.

How did we help? 

Trinity’s broker applied to a lender with one of the best policies for debt consolidation. He managed to remortgage the client onto a better-fixed rate, repay all the debt and raise slightly more cash to finish his property.

The new mortgage repayments were marginally more expensive than the old mortgage payment even though all the debt was repaid. The term was kept at 32 years.

What was the rate?

The 1.80% rate was fixed until 31/03/2022, and it had a £495 arrangement fee. After the fixed-rate period, the mortgage reverts to the lender's standard variable rate, which is currently 4.99%. The overall cost for comparison is 4.4% APRC.

Call Trinity Financial on 020 7016 0790 to secure a debt consolidation mortgage