£350,000 home mover mortgage offered by bank in one minute
Trinity Financial recently arranged a super quick £350,000 mortgage using a well-known lender offering competitively priced rates.
Our clients had sold their home and had a large deposit to put towards their new £700,000 property purchase.
Did they have a complex situation?
They are both employed and working in the financial sector. They also received annual bonuses.
They wanted a mortgage lender to offer them a competitively priced rate, as they had a large deposit and did not need an income stretch to meet the affordability rules.
Was the rate particularly good?
Trinity's broker arranged a five-year fixed rate of just over 4.25%. Like many borrowers taking a longer-term fix, they wanted payment security.
How long did it take to produce the mortgage offer?
Trinity’s broker applied to a bank that recently upgraded its online system, enabling it to provide faster mortgages. In this case, the mortgage offer was produced in less than a minute!
As our clients were considered low-risk, had good incomes, and purchased a property without quirks, the lender produced a fast mortgage offer. It automated the checking process, so our clients' income and credit checks were confirmed online, along with the property valuation. This streamlined the process so a mortgage underwriter did not need to assess it.
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.
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