Case Study –Residential Mortgage | Complex Income Structure

Value	£6,560,000
Loan Amount	£3,280,000
Location	New Oxford Street
LTV	50%
Achieved Rate	1.94%
Completed	June 2022
Adviser	Geoff Garrett

The Client

Our client had an offer accepted on a property and had approached a high street bank directly for assistance with the mortgage. However, late into the process, the lender advised they were unable to proceed, as the underwriter was having trouble understanding the client’s income. With the deadline to exchange fast approaching, the client required swift action to secure the required mortgage.

The Solution

The client’s agent recommended Henry Dannell to assist. With our knowledge and experience with the complexities of Private Equity income, we were able to secure a competitive rate with a retail lender, allowing the client to exchange by the intended deadline.

The Henry Dannell Difference

We were able to discuss the case directly with the senior underwriter to provide a clear explanation of the client’s income, enabling the underwriter to approve the application swiftly which allowed the client to meet their exchange and completion deadlines.