Case Study –Leveraging Equity from Property to Fund Business

Property Value	£625,000
Loan Amount	£110,000
Location	Brighton, UK
LTV	18%
Achieved Rate	3.84%
Completed	January 2023
Adviser	Jamie Roberts

The Client

Our client is a 53-year-old British ex-pat who currently resides in Northern Spain. He recently established a property business in the region, having relocated in 2020. Meanwhile, his previous residential property in Brighton has been converted to a buy-to-let investment, generating passive income.

The client’s intention was to leverage equity from the Brighton property to finance the overseas development of his business. However, the rental income from the subject property, together with his pension portfolio, posed affordability concerns that many lenders hesitated to address.

Despite the challenges, our team was committed to helping our client achieve his objectives. We endeavoured to find a solution that would enable him to leverage the equity in his Brighton property to fund his business venture abroad.

The Solution

Our client faced significant limitations due to his unique circumstances, namely residing in Spain with rental income from the subject property being his only source of provable income. However, we were undaunted by the challenge and leveraged our extensive network and relationships with lenders to identify solutions that aligned with our client's objectives. Thanks to our expertise and experience, we identified lenders who specialise in expat mortgages and presented a detailed summary highlighting the strengths of our client's case. We demonstrated to the lenders why our client was a sound investment and why they should lend to him. Our tireless efforts paid off, and we secured an agreement within just three weeks. This result was made possible thanks to the exceptional support of the business development manager who authorised their team to prioritise our case and respond to our requests within the timescale required by our client. In the end, we were delighted to have facilitated our client's expansion of their business overseas, and we look forward to continuing our partnership and delivering the best possible outcomes for our clients.

The Henry Dannell Difference

Our extensive knowledge and established relationships in the lending industry proved invaluable in providing our client with options that they may not have otherwise considered. Rather than feeling like they were backed into a corner, the client was empowered with a viable solution that enabled them to retain ownership of their asset. By leveraging our expertise and relationships, we were able to identify a path that enabled our client to avoid having to sell or explore other less desirable alternatives. This approach provided our client with a clear and actionable solution, which they were delighted to pursue.