Case Study –Property Refinance | Large Renovation Project

Value	£11,000,000
Loan	£6,600,000
LTV	60%
Achieved Rate	0.91%
Term	5-year tracker

The Client

Our client had recently bought a property for £8.5m. Having undertaken significant renovation works, the property was valued at £11m. Our client was looking to refinance the property to achieve the best possible rate at a loan of up to 60% LTV.

The Solution

We were able to secure our client a market-leading rate, based on the renovated value of the property for a 5-year fixed term at 0.91%, on an interest-only basis. Whilst our client did not require a loan at this level, the lender was willing to lend the full amount for the replenishment of funds that had been spent on the renovation project.

The Henry Dannell Difference

As the lender was able to offer a loan that allowed for the funds of the renovation to be replenished, our client was able to consider looking at other property investment opportunities or putting the funds back into the investment portfolio he has originally drawn from.