Approved-Outbuilldings and all

Mortgage

A case study from Hinckley and Rugby​

Article date: 15/04/2019

Property types come in all shapes and sizes – which calls for mortgages of all shapes and sizes! From castles to new builds above commercial properties, our flexible lending has allowed us to approve mortgages for the most exceptional property types. This month we’re focusing on all builds unconventional, from brave self-builds to the daring do-uppers.

 

THE REQUEST: The applicants had requested £170,000 to remortgage their two-acre property which consisted of a one bedroom cottage, stables, a workshop and a separate cottage for family visits.

 

THE SOLUTION: Mortgage approved – taking into consideration that the properties on the land, including all outbuildings, were for private use only we were happy to approve the mortgage and offered the full amount at 30% LTV.

 

To find out more visit www.hrbs.co.uk/introducers.

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