£550,000 mortgage for a fund manager buying a new home
Trinity Financial arranged a £550,000 mortgage for a fund manager buying a new home.
Our client agreed to purchase a property when many lower deposit fixed rates were priced well over six per cent.
They had a ten per cent deposit and were on a tier-2 visa. Our client knew that mortgage rates were high and wanted quality advice to ensure she got the best possible rate.
How did we help?
Trinity’s broker researched the market to find the most competitively priced mortgage available to borrowers with a visa and lower deposits.
He found a large bank to provide the full £550,000, but the ‘mini budget’ had just been announced, and rates were much higher than usual.
When the mortgage application was submitted, the rate was not market-leading, but by the time our adviser swapped her to the bank’s new rates, it was.
The client started the mortgage process in October with a 6.39% two-year fix, and after five rate reductions, she ended up with a 4.84% rate.
Get expert mortgage advice
Having a specialist working to ensure you have the best mortgage deal in a rapidly changing market is extremely beneficial. By monitoring the market and making rate switches, we saved our client around £12,500 over two years.
Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation
The information contained within this article was correct at the time of publication but is subject to change.
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