Case Study –First-Time Buyer | Barrister with One Year of Accounts

Clients Profession	Barrister
Property Value	£350,000
Loan Amount	£250,000
Location	West London
LTV	71%
Achieved Rate	4.55%

The Client

Our client, a practising barrister with a year’s worth of finalised accounts, faced a unique challenge. The majority of her accounts were based on income from her second six of pupillage, resulting in a lower-than-anticipated income projection for the future. Despite her professional accomplishments, she was informed by a high street bank that obtaining the loan she needed would be difficult, as she had less than one year of full practice under her belt.

The Solution

Leveraging our expertise and connections, we engaged with the high street bank that offered the most competitive rates. Drawing upon our deep understanding of the field, we presented a compelling case that highlighted the upward trajectory of the client's income. Through effective communication and negotiation with the underwriter, we successfully secured the lending solution the client needed.

The Henry Dannell Difference

Despite initially being turned down by a bank, our strategic intervention yielded impressive results for our client. Through leveraging our extensive network and in-depth understanding of the industry, we were able to engage in productive discussions with the same bank that had previously denied our client. Our knowledge of the client's profession and our expertise paved the way for a positive outcome that our client had once deemed impossible.