£700,000 mortgage for first-time buyers with 10% deposit
Trinity Financial recently arranged a £700,000 mortgage for two first-time buyers purchasing a £800,000 property.
The couple had been renting and decided it was a good time to buy. After finding a four-bedroom property in London to purchase, they had their offer accepted and wanted a fast mortgage offer. They wanted to complete their purchase before the stamp duty deadline.
After finding Trinity's contact details online, they wanted to get expert mortgage advice.
Did they have a complex situation?
Our clients work in the financial sector, have good salaries, and do not have any debts or children. One of the applications had settled status as they were German, and they both received bonus income.
Was the rate particularly good?
Trinity's broker arranged a five-year fixed rate of just over 4.5%. Like many borrowers taking a longer-term fix, they wanted payment security. Our broker amended their rate twice because it came down after the mortgage offer was issued.
Life insurance and income protection
After assessing our client's existing financial protection policies, our specialist realised their income protection policy had been set up incorrectly.
After advising our clients to ask for clarification from their insurance provider, they received a refund of 12 months' worth of monthly premiums. He then arranged a life insurance and income protection policy to cover them in the event of a death or critical illness.
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
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