Case Study –First-Time Buyer | Legal Complexities

Property Value	£235,000
Loan Amount	£105,000
Location	St Albans
LTV	44.6%
Achieved Rate	3.9%
Completed	November 2022
Adviser	Hasan Acik

The Client

The client, a first-time homebuyer, was new to the process of obtaining a mortgage and had limited knowledge about how they worked. She had recently inherited some money and found a property she was interested in purchasing. However, the legal aspects of the process proved to be complex, particularly concerning her desire to keep pets in the property. Additionally, the solicitor handling the case required further information, such as an EWS1 survey, to assess the potential cost of any necessary remedial works.

The Solution

Throughout the process, we maintained a close working relationship with the solicitor and ensured that the lender was comfortable proceeding with the loan based on the EWS1 information received. Our team kept the client informed of the progress on a regular basis, which contributed to a smooth and stress-free completion for our client.

The Henry Dannell Difference

As a first-time buyer, buying a property can be a daunting and complex process. We, therefore, took the time to understand our client's concerns and supported them through each step of the process. To streamline the process for our client, we communicated regularly with their solicitor to ensure that everything was progressing smoothly. The client appreciated our proactive approach in requesting updates from the solicitors and keeping them informed. It helped them to feel more at ease and reassured that their application was in good hands.