Expert Knowledge & Professional Service

Key features:                 

• Parents use joint borrower sole proprietor scheme to help son buy property
• Mostly interest-only mortgage using three incomes with 12-year term
• £440,000 on 1.62% two-year fix with a generous lender

Our clients

Our clients asked for help to secure a guarantor type mortgage known in the industry as a joint borrower sole proprietor mortgage (JBSP). They wanted to help their son to get on the property ladder.

Both of the parents worked, and the son was also employed in the IT sector. The father is 59, and the wife was 55. They had a 30% deposit.

How did we help?

After going through their mortgage affordability, our broker realised they would need to use all three incomes because they were taking a relatively large loan, and they had a mortgage on their existing home. Also, because of the oldest applicants age, the term would be limited.

What was the rate?            

A 1.63% two-year fix, and after this period, it reverted to the lenders 3.64% variable rate, although a 1% discount applies to the standard variable rate after five years. The overall cost for comparison is 3.7% APRC. The arrangement fee was £995, and early repayment charges apply. 

What was the term?

The mortgage had was limited to 12-years. After this period the mortgage would need to be repaid or refinanced to another lender. 

How much did the mortgage cost? 

The initial payment on interest-only was £1,374.21 each month (Part one was on interest-only at £955.71 and part two on capital repayment at £418.50). After the initial fixed-rate period, the payments increased to £1,992.81 (part one will be £1,052.48 and part two £940.33.

Call Trinity Financial on 020 7267 9399 to secure a mortgage or book a consultation 

Key features:                 

• £1.3 million mortgage for investment managers buying home
• 1.65% two-year fixed part interest-only 
• Five times salary income multiple using latest bonus
• Indian clients on tier-2 visa     

Our clients

Our clients asked for help to secure a £1,300,000 mortgage to purchase a £1,600,000 property in London. They had been in the UK for nearly five years on a tier-2 visa and required a five times salary income multiple.  

They wanted to secure part of the mortgage on interest-only to reduce their costs and access a cheap mortgage rate. One of the applicants had recently moved jobs and received a bonus.   

How much did the mortgage cost? 

The interest-only mortgage was £3,050 per month, and the reversion payment was £4,784 when the fixed-rate finishes if the rate is not switched. 

£480,000 was on capital repayment and £800,000 on interest-only. 

How is it possible to get such a fast mortgage?

Our broker applied to a lender with a solid track record of providing larger loans and faster offers. The bank used a free system-generated valuation to inspect the property, but the client needed to get their own structural survey.

We provided all of the documentation to the lender to offer the mortgage, and as they have a good enough credit score, it was agreed quickly. They provided us with their latest bank statements and payslips.

What was the rate?            

A 1.65% two-year fix, and after this period, it reverted to the lenders 3.59% variable rate. The overall cost for comparison is 3.4% APRC. The arrangement fee was £999, and early repayment charges apply. The mortgage had a 25-year term.           

Call Trinity Financial on 020 7267 9399 to secure a mortgage or book a consultation 

Key features:                

• £1.5 million mortgage on 1.49% seven-year fix 
• Banker moving up the property ladder
• Previous main residence switched to buy-to-let without early repayment charges leaving him free to sell

Our client    

Our client asked for helped to secure two mortgages. He had found a large home to buy and wanted a £1.5 million mortgage to purchase the £3 million house. He received an annual bonus and recently started a new role at a large bank.

He was considering selling his existing main residence and did not want to have two residential mortgages.

How did we help?   

Trinity Financial's broker secured one of the cheapest ever longer-term fixed rates providing him with the long term payment security he wanted. As the lender provided generous income multiples we did not need to use his bonuses for affordability purposes.

Our broker also arranged a buy-to-let mortgage on the previous residence without early repayments so he could sell it without paying exit fees. The rate was also very competitively priced.  

What was the £1.5 million mortgage rate?           

A 1.49% 31 August 2028, and after this period, it reverted to the banks 3.59% variable rate. The overall cost for comparison is 2.8% APRC. The arrangement fee was £999, and early repayment charges apply. The mortgage had a 30-year term.          

Call Trinity Financial on 020 7267 9399 to secure a mortgage or book a consultation 

Key features:                

• £800,000 mortgage for Barrister and Solicitor relocating 
• 0.99% interest-only rate with payments as low as £661 per month 
• Switched lenders when super-cheap fix launched
• 5.2 times salary income multiple to secure large enough mortgage

Our clients    

Our clients asked for help to secure an £800,000 mortgage to purchase a £2 million property in Surrey. They decided to sell their London home and buy a larger house with more outside space with a wider choice of schools.  

The Barrister had worked on some big cases and received large payments that were not reflected in his accounts. His wife was an employed solicitor. The couple needed just over five times salary, and requested a cheap interest-only mortgage.  

How did we help?   

Trinity's broker initially applied to a lender to secure a fast mortgage offer as the vendor's estate agents were pushing for prompt completion.

Once the offer was produced, another large lender launched one of the cheapest ever five-year fixes, so we submitted another application to the lender to secure this rate.

As the Barrister's income had been mixed with some very recent large payments, we found lenders offering great rates and over five-times income multiples. 

How much did the mortgage cost?

The interest-only mortgage was as low as £661 per month.

What was the rate?           

A 0.99% five-year fix, and after this period, it reverted to the lenders 3.59% variable rate. The overall cost for comparison is 3% APRC. The arrangement fee was £1,499, and early repayment charges apply. The mortgage had a 25-year term.          

Call Trinity Financial on 020 7267 9399 to secure a mortgage or book a consultation 

Trinty Financial recently arranged a life and critical illness policy for a client who had their application refused when they applied directly. 

Our client went to an insurer after contacting them before starting the mortgage process, but the provider was unhappy with a minor health issue he had.

The provider asked a series of medical underwriting procedures, and eventually concluded they would postpone the application for six months. 

Danny Davis, a protection specialist at Trinity Financial, says: "Different insurers are open to different levels of risk. We commonly find the cheaper insurers are the most risk-averse and seem the most attractive initially."

How did we help?

After thorough research into the different insurers available, we discovered a provider that could accept the client’s application based on their medical disclosures. 

The application was instantly accepted with no further medical underwriting required. Additionally, we found the client a more competitive monthly premium. 

Which policy did he take?

Life insurance policy of £300,000 over 25-year term costing £40 per month. Also, a critical illness cover for £40,000 costing £41 per month. The critical illness policy would payout on the diagnosis of a critical illness. 

Call Danny Davis at Trinity Financial for help to secure a life insurance policy

Key features:               

• Large £1.1 million property with 40 acres and stables 
• Directors relocating to Devon to spend more time working from home
• Interest-only mortgage with 1.43% fixed rate 

Our clients   

Our clients asked for help to purchase a large house with 40 acres and stables in Devon.  

During lockdown the couple decided they wanted to spend more time away from their office and have more space for their horses. They wanted to keep their costs to a minimum and secure a competitively priced rate. 

They came to Trinity Financial even though they had an existing broker to find a lender offering a good deal on properties with land.

How did we help?  

Trinity’s broker approached a selection of lenders offering mortgages to clients buying properties with land. While many of them did not want to lend on the house, although one of the bigger providers offering cheap rates accepted the application subject to its valuers comments.

After the valuer assessed the property, he was happy it provided suitable security for the bank and the land and stables were not going to be used for commercial purposes. This often includes being farmed or the stables rented out.  

The bank provided a very competitively priced five-year rate on an interest-only basis enabling them to keep monthly costs low until they had to repay the debt in 15 years. 

What was the rate?        

A 1.43% rate fixed until 31/03/2026, and after the fixed period, it reverted to the bank's 3.59% standard variable rate.

The overall cost for comparison is 2.8% APRC. The arrangement fee was £1,499, and early repayment charges applied.    

Call Trinity Financial on 020 7267 9399 to secure a mortgage or book a consultation