Case Study –High-Value Mortgage | Rate Secured Before 1.20% Increase

Property Value	£9,000,000
Loan Amount	£500,000
Location	Chelsea
LTV	5%
Achieved Rate	4.22%
Completed	January 2023

The Client

Our client reached out to us on Friday afternoon amidst a volatile market, seeking to swiftly secure a mortgage rate. They required a highly favourable loan with a leverage ratio of less than 2 times income, accompanied by a loan-to-value ratio of 5%.

The Solution

We provided our client with the rates on the same day and promptly supplied them with a comprehensive list of the necessary documents. Within two hours of our initial contact, our client received all the information required to make an informed decision. Furthermore, we expedited the application process, ensuring its submission within 48 hours.

The Henry Dannell Difference

Our client had expressed their preference for the 5-year fixed rate, and to our dismay, we received notification on Sunday morning that the lender intended to withdraw that rate and raise it by 1.20%. At that point, we were still awaiting the majority of the required documents and information from the client. Recognising the urgency, we promptly contacted the client and efficiently obtained all the necessary details to proceed with the application, ensuring the timely securing of their desired rate. Our swift response and proactive measures successfully prevented a 1.2% increase in their rate.