![european-bank](/images/case-study/european-bank.jpg)
£1.1 million mortgage for European Bank of Research and Development (EBRD) workers
What was the situation?
Our clients asked for help to secure a large mortgage loan because they were selling their property and buying a larger house.
As they worked for the European Bank of Research and Development they needed an experienced broker to help them find a competitively priced mortgage.
What was the issue?
There is a limited choice of lenders for borrowers working at the European Bank of Research and Development.
Our clients were paid without tax or national insurance deductions on their payslips because the bank has a special tax exemption from HMRC.
They had found a property to buy and required a mortgage of £1.1 million.
What was the process?
Trinity’s clients found our contact details online. Once they had sent us an enquiry, our broker called them to find out what they required and to understand their financial situation. We then researched the mortgage market.
Once they completed our fact-find form and supplied us with their bank statements, supporting documentation, and identification, we were able to send them an illustration highlighting the lender, rate, and fees. We then got the go-ahead to proceed, so our broker submitted their application to a large high-street lender.
Over the years, we have spoken to many people from the European Bank of Research and Development, so we know which lenders to approach.
What was the solution and mortgage rate?
Trinity Financial found one well-known bank willing to offer terms and a competitively priced rate.
Approximately £700,000 of the mortgage was on interest-only, and the remaining £400,000 was on capital repayment to lower their monthly costs.
The mortgage rate was priced around 4.75% and fixed for five years. There was a £1,999 arrangement fee.
Lending solutions with Trinity Financial
Are you looking to buy a property and require expert advice? We’re here to help you find a solution – no matter how complex your circumstances.
At Trinity Financial, our expert brokers have extensive experience providing creative solutions to secure mortgages for our clients.
Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation.
The information contained within was correct at the time of publication but is subject to change
Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage
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