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

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£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

Which lenders have the cheapest fixed rate mortgages?

There is still a large selection of fixed and tracker rate mortgages available through high street banks and building societies. Private banks and smaller specialist lenders are also keen to provide mortgages.

Over the last few weeks, there have been a lot of rate and acceptance criteria changes, but lenders like HSBC for Intermediaries and Nationwide for Intermediaries, Halifax and Bank of Ireland have some great options.

Aaron Strutt, product director at Trinity Financial, says: "We are getting a lot of enquiries from buyers with their offers accepted and borrowers looking to remortgage away from their existing lender to get a better deal."

Call Trinity Financial on 020 7016 0790 to secure a mortgage or send an enquiry

Lender 

Rate 

Deposit

Reversion rate

APRC

Fee 

Incentives 

Nationwide for Intermediaries  

3.24% two-year fix 

10%

3.59%

 3.7%

£999 

  • No fully gifted deposits (maximum gift of 25% of the deposit amount).
  • Houses/Bungalows only. No flats/maisonettes.
  • Maximum loan £500,000.

HSBC for Intermediaries

1.99% two-year fix 

15%

3.54%

 3.3%

£999  

£500,000 maximum loan size. Free property valuation.

HSBC for Intermediaries 

1.44% two-year fix 

25%

3.54%

 3.2%

£999 

£2 million maximum loan size. Free property valuation. 

HSBC for Intermediaries 

1.29% two-year fix 

40%

3.54%

3.2%

£999 

£5 million maximum loan size. Free property valuation.

 

 

 

 

 

 

 

Halifax for Intermediaries

1.69% three-year fix 

 25%

 3.59%

3.2%

£999

£1 million. Purchase-only rate.

Halifax for Intermediaries

1.36% three-year fix 

40%

 3.59%

 3.1%

 £999

£1 million. Purchase-only rate.

 

 

 

 

 

 

 

Nationwide for Intermediaries

3.24% five-year fix 

10%

3.59%

 3.6%

£999 

  • No fully gifted deposits (maximum gift of 25% of the deposit amount).
  • Houses/Bungalows only. No flats/maisonettes.
  • Maximum loan £500,000.

NatWest for Intermediaries

1.69% five-year fix 

25%

3.59% 

2.9% 

 £995

Purchase-only rate available for larger loans. Remortgage rate 0.1% cheaper.

HSBC for Intermediaries

1.44% five-year fix

40%

3.54% 

 2.8%

 £999

£5 million maximum loan size. Purchase and remortgage.

 

 

 

 

 

 

 

Barclays for Intermediaries for Premier customers

1.60% seven-year fix

40%

3.59%

2.6%

£999

£2 million maximum loan size. Try to open a premier account if you want the best buy seven-year fix.

Virgin Money for Intermediaries

2.25% seven-year fix

35%

4.34%

3.9%

£995

High early repayment charges. £1 million maximum loan size.

Barclays for Intermediaries

1.99% ten-year fix

40%

3.59%

2.6%

£999

5% early repayment charges for ten-years. and £1 million maximum loan size.

Banks and building societies still offering sub-1.25% fixed rate mortgages

Mortgage lenders are still providing great rates for many borrowers purchasing a property or remortgaging.

A selection of lenders offer sub-1.25% two-year fixes for property purchase and remortgages, while at least seven lenders have sub-1.5% five-year fixes.  

HSBC for Intermediaries has many of the most competitively priced mortgages across the market and a range of fixed and tracker rates. The bank’s lowest rate is as low as 1.19% and it is fixed until 30 September 2022. The mortgage has a £999 arrangement fee and applicants will need a 40% deposit to qualify. After the fixed-rate, the mortgage reverts to the lender’s 3.54% standard variable rate and the APRC is 3.2%. 

Aaron Strutt, product director at Trinity Financial, says: "We are getting lots of enquries from people looking to purchase new homes or investment properties, and also many homeowners planning to remortgage.

"The lenders still have a strong appetite to provide mortgages even with many of their staff working from home and we are being told that rates could get even cheaper over the coming months."

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation

Santander increases maximum mortgage loan size to £1 million and Barclays lowering rates 

Banks and building societies are starting to increase their maximum loan sizes as part of their plans to ramp up lending. This follows the news property valuers are returning to work. 

Santander for Intermediaries announced last week that its valuers will be inspecting properties again and it has been able to raise its maximum loan size for residential mortgages up to £1 million. The lender has also increased its cap back up to £750,000 for buy-to-let mortgages. 

Applicants will need a 15% deposit to qualify for Santander's residential mortgages and a 40% deposit for its buy-to-let mortgages.

What has Barclays changed?

Barclays for Intermediaries is the latest large bank to announce that it’s property valuers are back at work. The bank is lowering the price on a selection of two, threefive- and seven-year fixed rates by up to 0.10% and the price cuts apply to mortgages between £5,000 and £2 million.  

Aaron Strutt, product director at Trinity Financial, says: “If you are planning to apply for a mortgage there is a lot more choice than there was a few weeks ago. The lenders will still use automated property valuations for the more straightforward applications as it speeds up the process.

"Barclays cheapest rate is sub-1.35% for a two-year fix and below 1.65% for a five-year fix. It is still offering up to 5.5 times salary mortgages for borrowers earning over £75,000 or £100,000 jointly."

Call Trinity Financial on 020 7016 0790 to secure a mortgage or complete our online form

HSBC launches 1.14% two-year fix and 1.39% five-year fix for mortgages up to £5 million

HSBC for Intermediaries has launched a selection of super-cheap two, three and five-year fixed rates available for mortgages up to £5 million.  

Since the start of the coronavirus outbreak the cost of funding mortgages has dropped providing borrowers with the chance to lock into some incredibly cheap mortgages. 

HSBC has lowered the cost of its mortgages and its most competitively priced rate is 1.14% fixed until 30 September 2022. The overall cost for comparison on this rate is 3.2% APRC. 

There is not much of a premium to pay for the security of a longer-term fix with the 1.29% rate locked in until 30 September 2023 and the 1.39% fixed running until 30 September 2025. The APRC’s are 3.1% and 2.8% respectively.  

Applicants will need a 40% deposit to qualify for these rates and they have £999 arrangement fees. Early repayment charges apply for the fixed-rate period and these mortgages are available on interest-only. 

Aaron Strutt, product director at Trinity Financial, says: “Since the lockdown has eased and the property market has restarted the lenders have started to lower rates to attract borrowers again. Many of them still have huge lending targets to hit so they are keen for business. 

“If you are planning to purchase a property or remortgage to a cheaper deal, it may be worth taking an interest-only mortgage to lower your monthly costs. HSBC provides interest-only to applications earning at least £100,000 and they allow borrowers to make overpayment to reduce the outstanding balance. 

Call Trinity Financial on 020 7016 0790 to secure a mortgage or send an online enquiry

Answers to the most frequently asked mortgage questions

Are the lenders providing 10% deposit mortgages?

It is possible to purchase a property with a 10% deposit but it is harder than normal. Nationwide for Intermediaries, Bank of Ireland and HSBC are the biggest lenders offering 10% deposit rates.

Most banks and building societies require borrowers to have a deposit of at least 15%. None of the lenders are offering standard 5% deposit mortgage rates.

Is it possible to get a mortgage if you are self-employed? 

Mortgage lenders are assessing applications from the self-employed more closely and they want to know if businesses are experiencing financial difficulties. Applicants will probably have to provide their latest accounts and recent personal and business bank statements. They may well have to answer questions about their trading plans over the coming months and whether they have taken help from the government.

Are the lenders still issuing £500,000+ mortgages?

Some of the banks and building societies have increased their maximum loan sizes on their cheapest rates in recent weeks as they look to lend more money. Trinity's brokers have access to a range of incredibly cheap large loan rates priced just over 1%.

How much deposit will I need for a buy-to-let mortgage?

Most lenders require landlords to have a deposit of at least 20% to secure a buy-to-let mortgage. Buy-to-let rates through the larger banks are incredibly cheap at the moment.

Have income multiples changed? 

Lenders are still providing up to five times salary mortgages for first-time buyers and home movers, they are also offering 5.5 times salary for some professionals and those earning over £75,000. A selection of lenders still offers six times salary for professionals and those earning over £100,000. 

Is there more demand since the chancellor announced the stamp duty holiday?

There was already pent-up demand for property since the lockdown finishes but following the chancellor's stamp duty announcement our brokers have been speaking to even more potential buyers. We are getting lots of calls from first-time buyers, buy-to-let investors and people trying to move up the property ladder. They want to take advantage of the tax break.

Which lender has the cheapest rate?

Virgin Money for Intermediaries most competitively priced rate has been lowered to 1.16% and it is fixed until 01 November 2022. After the lock-in period, the mortgage reverts to the lenders 4.34% variable rate and the overall cost for comparison is 3.3% APRC. Applicants will need a 35% deposit to qualify for the arrangement fee is £1,495. The bank has a five-year fix priced just over 1.5%.

Are there fewer mortgages to choose from?

Mortgage technology experts Mortgage Brain has seen product numbers continue their steady improvement, increasing by 1.1% last week to a new post-lockdown high of 9,266. This is up by almost 25% on the lowest point seen since Covid-19 struck back in the week ending 12th April.

How long is it taking to produce a mortgage offer?

It normally takes around two weeks for a lender to provide a mortgage offer although it can take longer if the provider does additional checks. If a lender uses a system-generated property valuation then the process is open a lot quicker.

Call Trinity Financial on 020 7016 0790 for help to secure a mortgage or send an enquiry

Nationwide limits 10% deposit mortgages to first-time buyers purchasing houses

Nationwide Building Society has announced it will be returning to the 10% deposit market from Monday 20 July but limiting the mortgages to first-time buyers purchasing houses and not flats. 

The lender will have a selection of two, three and five-year rates, but for the moment only for first-time buyers purchasing houses or bungalows that are at least two-years-old will qualify for a 10% deposit rate. Applicants will need a 15% deposit to buy a flat through Nationwide.

Aaron Strutt, product director at Trinity Financial, says: "It is unusual for a lender to make its low deposit mortgages available to houses and not flats, but this is a sign of the times. 

"The bigger banks and building societies have been under pressure to return to the low deposit market, and there are more 10% deposit mortgage available to buy flats and houses."

Nationwide has confirmed it will not provide 10% deposit mortgages to applicants on furlough schemes and it is not accepting fully gifted deposits. The maximum term has also been capped at 25 years and the maximum loan is £500,000.

There will be first-time buyers applying to Nationwide who will find it hard to understand why lending is limited to houses, but the lenders are worried about house prices coming down.

Call Trinity Financial on 020 7016 0790 to secure a mortgage

Selection of lenders offering sub-1.2% two-year fixed rate mortgages  

More of the lenders are offering their cheapest ever fixed rates providing borrowers with even more of an incentive to buy a home during the stamp duty holiday. 

A selection of the largest banks and building societies are offering sub-1.2% two-year fixes including Leeds Building Society, Virgin Money, Platform, NatWest and Clydesdale Bank. 

To qualify for the ultra-low rates, applicants will need a 40% deposit and a clear credit history. The mortgages typically have £999 arrangement fees and often come with a free property valuation. 

Aaron Strutt, product director at Trinity Financial, says: “If you are looking for a cheap two or five-year fixed rate you there are lots of options providing your income has not been drastically hit by the coronavirus. If you are looking for longer-term security, the best five-year fixes are as low as 1.39%. 

“We are getting a lot of new enquiries from borrowers keen to secure fast mortgages offers often using five-times their single of joint salaries, while other buyers have complex income structures or they are looking for £750,000+ mortgages.”

You do not need to have a large deposit to qualify for a cheap rate as the lenders have also lowered the price of their mortgages, providing you have a 15% deposit. 

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation

HSBC temporarily pulls 10% deposit mortgage rates

HSBC is the latest lender to stop offering 10% deposit mortgages to new customers citing significant demand for its low deposit rates. 

The bank has consistently provided first-time buyers with 10% deposit mortgages over the years but it has pulled the products to catch up with its processing times. 

Aaron Strutt, product director at Trinity Financial, says: “If you are planning to purchase a property you will typically need a deposit of 15% to have the choice of two-year fixes and trackers, plus competitively priced five-year rates. 

“There are a limited number of 10% deposit mortgages available through lenders like Bank of Ireland Bespoke, Nationwide for Intermediaries, Platform and Virgin Money.”

Platform and Virgin Money are the latest lenders to start offering 10% deposit while Bank of Ireland has one two-year fixed or tracker rate, and it is not cheap.

Nationwide’s lowest deposit rates are available to first-time buyers purchasing houses rather than flats, and there are some family guarantee mortgages like the Barclays springboard deal. 

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation

 

Santander still offering 5 or 5.5 times salary mortgages to wealthier borrowers with larger deposits

Santander for Intermediaries is one of an increasingly limited number of lenders providing 5 or 5.5 times single and joint salary mortgages.

Since the coronavirus pandemic, many of the banks and building societies have tightened their mortgage affordability calculations, making it harder to borrow five times salary. Barclays is the latest lender to reduce its maximum income multiple from 5.5 times salary to 4.49 times single or joint incomes.

Santander offers 5 times salary income multiples to borrowers earning between £45,000 and £99,000 and 5.5 times salary to those earning over £100,000. To qualify for the more generous mortgages applicants will need to have a 40% deposit; otherwise, the income multiples is reduced to 4.45 x salary.

Aaron Strutt, product director at Trinity Financial, says: "It is still possible to borrow between five and six times salary for a mortgage but it is getting harder. Santander is one of the more generous lenders, but the likes of Kensington and Market Harborough Building Society provides typically provide five times salary+ to those earning over £100,000.

"Another bank is also offering 5.5 times salary mortgages to professionals including fully qualified, registered and practising Solicitors, Barristers, Medical Doctors, Accountants, Actuaries, Vets and Dentists who want to buy their first home or move property to upsize."

Santander for Intermediaries mortgage affordability calculation table:

Combined income for all applicants Loan-to-value
60% or less Over 60%

Less than £45,000

4.45x
£45,000 to £99,999 5.00x 4.45x
£100,000 or more 5.50x 4.45x

Call Trinity Financial on 020 7016 0790 to secure a mortgage generous mortgage or book a consultation