Case Study –Self-Employed First-Time Buyer

Property Value	£592,000
Loan Amount	£502,999
Location	London
LTV	85%
Achieved Rate	5.15%
Completed	January 2023
Adviser	Hasan Acik

The Client

Our client, a self-employed IT contractor, had established his own limited company and was excited to become a first-time homebuyer. However, his journey towards homeownership was hindered by his self-employed status. Despite seeking advice from other mortgage advisers, he was informed that he would be unable to secure the loan size he needed to make his dream a reality. At Henry Dannell, we understand the unique challenges faced by self-employed individuals and strive to find solutions that meet their circumstances and desired outcomes.

The Solution

Drawing on my extensive experience of working with IT contractors, I knew there was an alternative option available with another high street lender. This lender would consider our client's daily contracted salary instead of relying solely on his self-employed documents. By exploring this option, we were able to help our client request the loan size he needed to complete the purchase of his dream home.

The Henry Dannell Difference

After securing the mortgage agreement from the lender, I continued to monitor the market closely for any potential reductions in mortgage rates. My diligence paid off, as I identified a more competitive product and was able to work with the lender to amend the terms of the agreement. This not only ensured that our client received a better deal, but also helped to significantly lower his monthly mortgage costs. At our company, we are committed to providing a holistic approach to our clients' mortgage needs, continually striving to secure the most suitable rates and terms on their behalf.