CASE STUDY
In the world of high-value mortgage finance, there are often seemingly insurmountable hurdles. One such challenge is securing a high loan-to-value (LTV) mortgage, particularly for those with significant offshore assets and a limited track record in the UK. However, at Henry Dannell, we are committed to pushing boundaries and finding innovative solutions. This case study highlights our ability to overcome these obstacles and deliver exceptional results.
The Challenge
Our client, a Director of Football, was looking to purchase a £5.2m property in the UK at 90% LTV, which can be challenging. However, by understanding our client’s requirements, which included bringing as little money back into the UK, coupled with his circumstances, and extremely strong profile, we were able to generate competitive tension between lenders to achieve the desired outcome for our client.
Recognising our expertise in handling complex mortgage applications, a trusted partner in the real estate industry referred the client to us. Our team, led by Geoff Garrett, assessed the client’s financial strength and future earning potential. Through careful analysis, strategic debt structuring, and unwavering persistence, we were able to secure the financing they needed.
A Successful Outcome
Our client’s primary goal was to obtain a high LTV mortgage with competitive terms that would not require excessive monthly capital repayments. By carefully presenting their case to lenders and highlighting their unique circumstances, we were able to achieve this objective. A key factor in our success was our ability to navigate the complexities of the offshore asset position and get lenders comfortable to go outside of their usual LTV criteria.
What made this achievement even more gratifying was the significant tax implications. By obtaining a 90% mortgage, our client was able to substantially reduce their UK remittance, saving them hundreds of thousands of pounds in additional tax charges.
Geoff Garrett, our Co-Founder and Specialist Debt Adviser, commented, “We are thrilled to have delivered the client’s desired outcome. Securing such a solution demonstrates our ability to provide tailored financial solutions for international clients with complex requirements.”
While this case presented unique challenges, our team’s dedication and expertise allowed us to overcome these obstacles and deliver an outstanding outcome. If you require support securing a high-value mortgage or wish to discuss your lending options, please feel free to contact our specialist team for a tailored solution.
This is a case study and not indicative of typical results. Past performance is not necessarily representative of future results. This information is for general purposes only and does not constitute financial advice. Please seek professional advice before making any financial decisions.
Please note: a mortgage is secured against your home or property. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Please also note: The Financial Conduct Authority does not regulate most forms of buy to let mortgage.
