Case Study –Remortgage | Transfer of Equity to Add Family to Deeds

Property Value	£870,000
Loan Amount	£335,000
Location	Maidenhead
LTV	38%
Achieved Rate	3.24%
Completed	December 2022

The Client

Our clients were seeking to be included in the property deeds of their mother. However, a significant hurdle arose as both sons held their own residential mortgages and had prior financial commitments. Additionally, the mother’s current mortgage provider informed them that the affordability criteria would not be met, and they did not permit more than two applicants. Yet, the mother was adamant about not wanting to exclude one of her sons from the property deeds.

The Solution

We successfully obtained a mortgage from a lender, enabling our applicant to include her two sons as co-owners on the property deeds. This decision aligned with the family's wishes and ensures a fair distribution of inheritance. Furthermore, leveraging the combined income of all three applicants, we were able to demonstrate affordability and secure the necessary funds to modernise the property, which had not been updated for approximately 50 years.

The Henry Dannell Difference

By adding our client's sons as co-owners on the property deeds, we not only provided the financial certainty that our client required, but also addressed her paramount concern for her son's future. At Henry Dannell, we believe in balancing the importance of our client's personal and financial goals, recognising that in this case, these objectives were mutually reinforcing.