10% deposit mortgage for couple moving to larger home
Case details
Our clients were keen to secure a mortgage for a property they agreed to buy in Market Drayton, north Shropshire.
As next-time buyers they had experience of the property market and had just sold their home.
Solution:
The recently married couple both had good jobs so there was a selection of lenders able to offer them a competitively priced mortgage.
In order to make sure they were in the best position to proceed with the purchase, we approached a lender with low rates and fast processing times.
They were happy to provide a mortgage and faxed an offer to their solicitor within 14 days.
Property: House in Market Drayton
Value: £330,000
Mortgage: £297,000
Rate: 3.15% fix until 30 September 2017
APR: 4.0%
Reversion rate: 3.99% - 3.49% over the Barclays Bank Base Rate for the term of the mortgage.
Lenders arrangement fee: £999
Mortgage term: 35 year term
Repayment type: Full capital repayment
Loan-to-value: 90%
Early repayment charge: 3% for the first two years
Overpayments: Up to 10% of the outstanding balance each year
The actual rate available will depend on your circumstances. Please ask for a personalised mortgage illustration.
If you would like help to secure a 10% deposit mortgage call Trinity on 020 7016 0790.
Get started today
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