CASE STUDY
At Henry Dannell, we pride ourselves on offering bespoke, innovative financial solutions for our clients, especially when their needs fall outside conventional lending frameworks. This case is a perfect example of how we deliver value, even in the most intricate and challenging scenarios.
The Challenge
Our client, a high-net-worth individual, owned an unencumbered residential property in London valued at £4.2m. He sought to release equity from the property to redeem a portion of a Lombard loan, which was secured against his portfolio, valued at £8.9m at the time of application.
The complication arose because the Lombard loan was originally taken out to purchase his partner’s residential property. This meant the funds raised would not align with the traditional purposes lenders allow for additional borrowing. Typically, lenders have specific criteria for capital raises, and this scenario did not fit those boxes.
The Solution
Despite the unique nature of the client’s requirements, we secured a highly favourable rate with a high street lender, navigating the entire process in just three months.
How did we make this happen?
By leveraging our relationships with senior high-value case specialists, we were able to submit the application early for review, identifying potential issues before they could arise. This proactive approach allowed us to move forward with minimal queries from the lender, ensuring a smooth and efficient process.
What Set Us Apart?
One of the key differentiators in this case was our ability to think outside traditional lending criteria. The objective was to redeem a Lombard loan, which falls under debt consolidation. At £2.1m, the amount was higher than what many high street lenders would approve.
Without our intervention, the client would likely have had to turn to a private bank, which typically involves significantly higher rates and fees. Our deep understanding of the market and strong relationships with key lenders enabled us to secure the deal under more favourable terms than would have been possible elsewhere.
Why Henry Dannell?
The introducer who referred this client to us did so because of our proven track record in handling complex, high-value cases. Having worked with us previously, they trusted that we had the expertise, market insight, and resources necessary to deliver exceptional results—regardless of the hurdles.
The Outcome
Thanks to our tailored approach, we secured the required funds under optimal conditions, with a competitive rate and minimal hassle. The client avoided higher costs and received a service that was not only effective but personalised to his specific needs.
At Henry Dannell, we don’t just provide financial solutions; we craft them to fit the unique circumstances of each client. Whether you’re a high-net-worth individual or managing complex portfolios, we’re here to ensure that your financial goals are met with expertise, efficiency, and care.
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.
