Automated property valuation used for accountants raising £500,000 mortgage
Key features:
- £500,000 mortgage for accountants moving home
- Property valued by lenders online system to speed up process
- 1.21% fixed rate
Our client:
Our clients were both accountants in a hurry to purchase an £850,000 property they had agreed to buy. They were Italian’s living and working in Surrey.
What were they looking for?
They were looking for a lender happy to provide EU nationals with competitively priced mortgage rates and fast offers. They wanted a two-year fix with the option to make overpayments.
How did we help?
Trinity’s broker applied to a high street bank that regularly uses its online system to assess the value of the property so the valuer does not visit the property. There is no cost for this service.*
What was the rate?
The 1.21% rate was fixed until 31 January 2022 and it had a £999 arrangement fee. After the fixed-rate, the mortgage reverted to the lenders 4.24% standard variable rate. The overall cost for comparison was 3.7% APRC. Our clients had the option of overpaying 10% per annum without charge.
Call Trinity Financial on 020 7016 0790 to secure a fast mortgage offer
*If a lender does use the automated system it is important to instruct your own survey to assess the condition of the property.
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