£600,000 five times salary mortgage for first-time buyer purchasing flat in London
Key features:
- First-time buyer borrowing £600,000 to purchase home in London
- 15% deposit to purchase £720,000 property
- Five times salary income multiple
Our clients
Our client asked to help purchase his first home using a five-times salary income multiple. He had approached his bank for a mortgage and they were unable to provide him with sufficient funds. He worked as a partner in a law firm.
How did we help?
Trinity’s broker researched the market to find the lender offering the competitively two-year fix with a five-times salary multiple with a 35-year term. He approached a lender offering great rates and the mortgage offer was produced within ten days.
What was the rate?
A 1.95% rate was fixed until 30/11/2031, and after the fixed period, it reverted to the bank's 3.59% standard variable rate. The overall cost for comparison is 2.4% APRC. The arrangement fee was £999, and early repayment charges applied.
Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation
Get started today
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