Homeowner Loan Secured Against Non-Standard Construction Property
Non-Standard Construction Homeowner Loan
Find out how we raised funds against a non-standard construction property using a homeowner loan.
The facility
Location
Chelmsford, Essex
Capital raised
£25,000
How funds were spent
To provide funds as a wedding gift to their daughter
The request
The client was looking to raise funds for his daughter’s wedding but was in the process of winding down his main self-employed business based on being aged 58. This made it difficult to meet lender affordability criteria.
The client had a second property, a grade-2 listed, timber-framed cottage that he had lived in as a child. The property had no EPC certificate due to the age of the property.
We didn’t have many options as there are already a limited number of lenders available for BTL second charges and most of the ones we approached declined to consider this beautiful and unique property.
The client needed to secure the borrowing needed as they had promised their daughter the wedding gift and did not want to sell the property to release the funds.
The solution
We took additional time to package the application to ensure it would be approved once submitted.
While the lending was very specialist, a detailed approach enabled us to secure the funds needed in time for their daughter’s wedding.
Gary Hemming
Commercial Lending Director
Why work with ABC Finance to get a homeowner loan?
Our team at ABC Finance are true experts in homeowner loans. We’re focussed on helping our clients to secure the best deal on their finance, quickly.
That’s why we offer market leading, fixed £1,495 broker fees on homeowner loans, no matter how much you borrow. Get in touch today and save thousands compared to what you’ll pay through the big comparison sites!
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