Six times salary mortgage agreed after decision in principle with another broker withdrawn
Trinity Financial helped a first-time buyer get on the property ladder by securing them an income stretch mortgage.
They had an agreement in principle with another broker, but the recommended lender withdrew their six times income product around the time of the 'mini-budget'. Their broker could not find another option.
After approaching their bank and a selection of high-street lenders for an alternative option, they turned to Trinity Financial to help them save the purchase transaction.
Working as an office manager and earning just over £50,000 a year, they required six times their salary to buy the property.
As the building society offers up to six times salary mortgages on a case-by-case basis, Trinity's broker spoke to her contact at the lender and got the case agreed in principle. This was the only other lender offering sensible six-times salary rates.
Our client was happy with the two discounted variable rates and paid the lender's valuation fee. Once the flat was passed as sufficient security, the mortgage offer was produced within three weeks. They had a 15% deposit.
Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation.
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