£2.25 million remortgage to pay sisters share of £4.5 million inherited home

by Aaron Strutt

Oct 13 2024

Trinity Financial recently arranged a £2.25 million residential mortgage for our client so he could pay his sister's share of the house they inherited from their parents. He had moved into the property in Central London.

Did he have a complex situation?

Our client received a large basic salary and income from a stock and shares portfolio. He was paid in US Dollars. Despite more high street lenders offering complex mortgages, they would not offer the full £2.25 million.  

How did we help?

Trinity's mortgage adviser first researched the high street lenders and then switched to the private banks. After assessing their financial situation, one well-known private bank was happy to issue the required mortgage.  

He compared the terms of numerous private banks and submitted an application to the lender offering the most competitively priced two-year fixed rate. 

Was the rate particularly good?

Trinity's broker arranged a two-year fix priced just under 5.5%. Like many borrowers, they took a shorter-term fix and thought fixed rates would come down over the next year. 

As rates have come down recently, we switched mortgage rates to ensure our client benefited from the more competitive pricing. This was once the mortgage offer had been produced.

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