Case Study –Portfolio Landlord Remortgaging Main Residence

Property Value	£1,700,000
Loan Amount	£556,156
Location	South London
LTV	32%
Achieved Rate	4.37%
Completed	February 2023

The Client

Our client is a professional landlord with a diversified portfolio of mortgaged properties across London. The client approached us requiring a remortgage on their primary residential property. Despite earning substantial rental income, most high-end lenders subjected the client’s rental income to stress tests and considered their mortgages as liabilities. This resulted in the client falling short of the affordability criteria.

The Solution

After careful consideration, we reached out to a reputable building society that evaluated the client's portfolio holistically without subjecting the rental income to stress tests. This approach ensured that the client met the affordability criteria and secured a mortgage offer at a competitive rate.

The Henry Dannell Difference

During the period between the mortgage application submission and completion, the lender's rates experienced a significant decrease. We took prompt action and secured a revised mortgage offer that reflected the latest rates, resulting in the client saving a remarkable £670 per month on their monthly payments.