£785,000 mortgage for client with new job after returning to the UK from Singapore
Key features:
- £785,000 mortgage for client returning to the UK
- He had been working in Singapore for multinational
- 1.68% five-year best buy fix
Our client
Our client asked for help to secure a £785,000 mortgage to purchase a £1.1 million property. He had just returned to the UK after working in Singapore and had started a new banking job in London. He was keen to get his mortgage agreed quickly, so he did not have to rent a property.
How did we help?
Trinity’s broker applied to a large bank happy to provide mortgages to borrowers who have not been in their role for three months by working off the contract. The lender applied a five times salary income multiple.
We secured a leading five-year fix with the option to make ten per cent overpayments each year without charge, and the offer was produced within ten working days.
What was the rate?
A 1.68% five-year fixed rate and it reverts to the banks 3.59% standard variable rate. The overall cost for comparison is 2.9% APRC. The arrangement fee was £999, and early repayment charges applied. The mortgage had a 25-year term.
Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation
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