Case Study –Remortgage to Replenish Funds From Home Improvements

Property Value	£2,000,000
Loan Amount	£762,000
Location	Greenwich
LTV	38%
Achieved Rate	3.24%
Completed	December 2022
Adviser	Courtney Flockhart

The Client

Our clients had invested approximately £200,000 into their property during the preceding 12 months, utilising their personal savings. With their existing interest rate up for review, they sought to secure a new rate while concurrently aiming to rebuild their savings.

family doing home improvements looking at an ipad

The Solution

We successfully connected our clients with a lender who facilitated their ability to secure a new lending rate. As a result, they were able to recoup the funds they had invested into enhancing the value of their property.

The Henry Dannell Difference

Although certain lenders might express reluctance in providing funds for replenishment purposes, we utilised comprehensive documentary evidence showcasing the completed works to substantiate the lending request. Consequently, we successfully negotiated with the lender, achieving the desired outcome for our client.