CASE STUDY
Henry Dannell is pleased to announce its successful facilitation of a high-value commercial remortgage for a London-based client. The client sought to transform a Prime Central London property into a flagship premises to mark a significant company milestone. A key component of this ambitious project was securing a competitive commercial remortgage to fund a comprehensive refurbishment.
Navigating Complexities
The client, a previous personal mortgage client of the adviser handling the case, approached us for a commercial loan. While the initial request appeared straightforward, securing the desired loan with favourable terms proved challenging. The client required an interest-only structure, a competitive fixed rate, and the flexibility to overpay after the fixed period. Additionally, the process was further delayed by legal queries raised by the bank’s solicitor.
Our team worked closely with the client to understand their specific requirements and develop a tailored financing solution. Leveraging our extensive experience in the commercial property sector, we identified alternative lending options that met the client’s needs. By proactively engaging with the bank to address their concerns, we were able to expedite the process and secure the desired terms.
A Winning Outcome
We successfully facilitated a £1m commercial remortgage, enabling our client to embark on their ambitious refurbishment project. The competitive rate achieved allowed the client to transform the property into a flagship premises, reflecting the company’s significant achievements. With Henry Dannell’s support, the client is well on its way to unveiling a remarkable new space.
Charles Alexander, Mortgage & Protection Advisor at Henry Dannell, comments: “We are delighted to have supported our client in securing the ideal solution. Our ability to overcome challenges and secure a lender willing to offer the desired interest-only structure and a competitive fixed rate is a testament to our team’s expertise. It was a privilege to be part of such a significant project.”
Ready to Transform Your Business?
Are you seeking a trusted adviser to navigate your commercial financing needs? Contact Henry Dannell today for a personalised consultation.
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.
