Country house mortgage agreed helping bankers secure dream home

by Aaron Strutt

Feb 03 2023

Our clients asked for help to secure a mortgage to purchase a detached country house with gardens and land totalling 14 acres. 

Both borrowers were in the banking sector and planned to spend more time working from home and enjoying the countryside. 

The property was set in an idyllic spot near Oxford and valued at £2 million. They needed a £1.3 million mortgage.

The house had three public footpaths running through the garden which meant accessing the best deals was more challenging. 

Was their income complex?

Both of our clients' bonuses were larger than their salaries, adding another layer of complexity. They also wanted a second home mortgage on their current property in London.

Which mortgage did they take?

Trinity Financial's broker approached a selection of lenders offering competitively priced five-year fixed rates. After going through the application with one of our contacts and the client agreeing to the terms, the mortgage was arranged subject to a satisfactory property valuation. 

The mortgage was taken on full capital repayment mainly because the clients loved the property and they wanted to ensure the debt was cleared over the 35-year term. Interest-only and part-interest-only was an option for them.

It is fair to say the rate was superbly competitive for the complexity of their case, and we managed to secure the third most attractive five-year fixed rate on the market at the time. The valuer was happy with the property and deemed it as suitable security for their bank.

Our broker loved working with the clients and was pleased to help them get their dream property. He also switched their mortgage to another lender, so they had a second residence in London.

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation

Your home may be repossessed if you do not keep up repayments on your mortgage