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The Mortgage Lender ignoring private school fees and using retained profits

Aaron Strutt Image

Trinity Financial has secured access to challenger provider The Mortgage Lender.

The broker-only lender ignores private school fees for affordability purposes and lends to self-employed borrowers with one years’ trading history.

It accepts clients with complex incomes, uses accountant certificates and takes profit before corporation tax plus salary as income for limited company directors. It can also use salary, dividends and retained profits for limited companies without averaging the figures.

Aaron Strutt, product director at Trinity Financial, says: "Most lenders do not ignore private school fees for affordability purposes but The Mortgage Lender has a more lenient view. Private school fees can be stopped if clients have cash flow issues while private schools may be more willing to help parents having financial problems."

The Mortgage Lender offers a range of prime and adverse credit mortgages and they range from below 2.5% to over 4.5%. They are either LIBOR trackers or fixed rates.

Applicants will need a deposit of at least 10% to qualify, and the maximum loan size is £1 million. 

The Mortgage Lender launched in 2016, and it was set up to provide alternative purchase and remortgage options to the traditional high street lenders.

The lender also offers buy-to-let mortgages up to £3 million and has favourable buy-to-let rental calculations. 

Call Trinity Financial on 020 7016 0790 for help to secure a mortgage

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