Profit share income helps secure £3 million remortgage
A partner in a surveying company has reduced his housing costs by signing up for a £3 million remortgage through Trinity Financial.
Trinity Financial's broker did not struggle to find a suitable new mortgage because we have access to a host of lenders willing to accept profit share income for mortgage affordability purposes.
The mortgage has lower repayments by being based on a part-interest only and part-capital repayment basis. Also, our mortgage broker secured the most competitive five-year fixed rate on the market at the time.
Even though the partner was borrowing £3 million, the mortgage arrangement fee was a very low £1,999 - and there was no valuation fee on the £5 million property!
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