Case Study –Raising £1.5m Against a UK Property to Fund an Italian Purchase

Client

A client approached Henry Dannell after experiencing difficulties securing suitable finance through Italian banks for the purchase of a holiday home in Italy.

They required £1.5 million and owned an unencumbered UK residential property valued at approximately £5.5 million.

The client’s income profile was complex, comprising rental income through company structures alongside several self-employed advisory roles.

This meant the case did not sit comfortably within a standard employed income assessment, despite the strength of the wider financial position.

The Solution

We reviewed the client’s asset position, income structure and overall borrowing requirement before identifying an opportunity to raise the required capital against the UK residential property. A detailed lender presentation was prepared, supported by extensive documentation and income analysis. This allowed the case to be considered through specialist underwriting rather than a conventional automated affordability model. The strength and scale of the overall position enabled us to secure a residential mortgage solution, rather than directing the client towards a private banking structure that may have carried higher pricing and fees.

The Henry Dannell Difference

The £1.5 million capital raise allowed the client to proceed with the Italian acquisition while using the strength of their UK property position. The value in this case came from looking beyond the immediate income profile and considering the client’s full financial structure. Where conventional income assessment does not tell the complete story, the way a case is interpreted, evidenced and presented can materially influence the lending route available. Your home may be repossessed if you do not keep up repayments on your mortgage.