Case Study –High-Value Remortgage | Divorce Separation

Value	£12,000,000
Loan Amount	£6,500,000
Property Location	Primrose Hill
LTV	54%
Achieved Rate	1.59%
Completed	March 2022

The Client

Our client was in the process of separating and as part of the divorce settlement, was obligated to redeem his ex-wife’s mortgage. He also needed to remortgage his own property and ideally wanted to combine the total borrowing into one facility. Having recently sold his business, he wasn’t receiving any income, therefore, was unable to source a mortgage from a retail bank and was required to proceed with an asset-based loan.

The Solution

We approached a private bank who was able to factor in our client’s overall wealth position, without needing to manage his assets. With this, we were able to secure a highly competitive 5-year fixed rate.

The Henry Dannell Difference

With our knowledge and understanding of our client’s financial situation and his requirements, we were able to identify the most suitable lender who could accommodate his circumstances and lend at the required level without placing his assets under management.