£720,000 mortgage for Italian banker
Trinity Financial arranged a £720,000 residential mortgage for an Italian banker buying a new home in Surrey.
He has been living and working in the UK for quite some time although he was keen to move up the property ladder and buy a bigger property.
Case details and solution
We approached a mortgage lender offering leading rates that was happy to accept a combination of guaranteed and bonus income.
Property: House valued at £1 million in Surrey.
Mortgage loan amount and rate: Approximately £720,000 taken on a lifetime tracker rate at 1.99% over the Bank of England base rate.
Lenders arrangement fee: £495 and added to the loan.
APR: The overall cost for comparison is 2.5%.
Term: 25 years.
Repayment type: Part interest-only and part capital-repayment. Sale of the property stated as the repayment vehicle for the interest-only section of the mortgage. Taking a combination of these payment methods keeps costs to a minimum while ensuring part of the mortgage is repaid.
Loan-to-value: Approximately 70% of the property value.
Early repayment charge: None.
The actual rate available will depend on your circumstances. Please ask for a personalised mortgage illustration.
Call Trinity on 020 7016 0790 to secure a leading mortgage rate. You can also email: enquiries@trinityfinancialgroup.co.uk
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
