Barclays providing 5.5 times salary mortgage offer to borrowers earning over £75,000
Barclays is offering up to 5.5 times salary mortgages to new and existing Premier and Barclays Wealth customers.
The bank raised the maximum income multiple for applications from 5 times salary to 5.5 times salary for all residential capital repayment mortgages.
If you do not have a Premier account, Trinity Financial can arrange for a personal banker to contact you and open an account prior to the application being submitted. One applicant will need an annual income of £75,000 to qualify. If one applicant does not earn £75,000 - you will need a joint income of £100,000 to qualify or have £100,000 saved or invested with the bank.
Interest-only applications will not be considered, although Barclays will potentially offer a 35-year repayment term to a maximum age of 70. This should lower the monthly costs.
Our advisers have access to a specific broker-only team regularly providing impressively fast mortgage offers.
Aaron Strutt, product manager at Trinity Financial, says: “Barclays 5.5 times salary mortgage offer has been popular with our clients, particularly as most high-street banks and building societies will lend between four and five times salary. They do not typically offer mortgages over five times income.
“Trinity has access to another leading lender offering up to 5.5 times salary mortgages providing clients earn over £100,000 - either individually or as part of a joint application. The bank has competitively priced rates and you do not need to open a premier account to qualify. The maximum loan is £1,000,000.”
One more bank recently started providing 5.5 times salary mortgages to Accountants, Architects, Barristers, Chartered Surveyors, Dentists, Medical Doctors, Pharmacists, Pilots, Solicitors and Vets. Applicants must have been qualified in the last five years and earn £40,000 or more.
To secure a 5.5 times salary mortgage call Trinity Financial on 020 7016 0790 or send an enquiry.