£1.9 million mortgage for professional couple moving home
Trinity Financial recently arranged an interest-only mortgage for a couple buying a £2.55m home in London.
They had found their dream property and they wanted a £1.9 million mortgage on an interest-only basis to minimise their monthly costs.
One borrower was a partner in a law firm, and the other was a banker. They had high incomes and received bonuses. They wanted a great five-year fixed rate and a mortgage they could make overpayments on.
How did Trinity help?
During the initial call, Trinity's broker knew which bank would provide the most suitable mortgage for his clients. As the couple earned over £250,000 and had a 25% deposit, they qualified for full interest-only with a large high street bank known for providing great rates and fast mortgage offers.
As part of the application process, the partner in the law firm had to provide evidence from their company about the profit share, and the couple also needed proof they had the funds to pay their large stamp duty bill.
The lender provided the full £1.9 million on interest-only, offered a low five-year fix and gave the clients a 10% overpayments facility each year. The mortgage offer was produced within three weeks.
Call Trinity Financial on 020 7016 0790 for help to secure a mortgage or book a consultation
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