Case Study

£265,000 Loan - Grade 2 Listed Farmhouse Renovation

Key Facts:

  • Planning agreed to renovate listed property – 5 bedroom with a 1 bedroom outbuilding as a holiday let.

  • Site value £320,000

  • Loan required : £265,000

  • Gross development value: £900,000

Problems:

The client approached us as they were having difficulty finding a lender who was happy to fund the project, they were looking to split the renovations into phases and convert the farmhouse and one outbuilding, and then once complete look at the other out-builidings.

Solution 

We used our strategic relationship with the lenders to take a common sense approach and lend on the first phase given the substantial uplift.

The client loan was approved and they are completing their project as we speak.