CASE STUDY – Helping A Client Secure Funding To Build Their Dream Home

The client, a limited company director based in Somerset, approached Exe Mortgages wanting to build their dream home. They had spent several years acquiring and merging multiple property titles to create the perfect plot, while also managing access arrangements and ongoing living costs in their existing home.

Their aim was to raise approximately £500,000 against an anticipated end value of £750,000, enabling them to progress with the construction of their new home.

The project was complex, not only because of the financial requirements but also due to the construction methods being used, which required careful consideration from potential lenders.

The client had found it difficult to secure financing due to the intricate nature of the project. The combination of historical land purchases, merging multiple titles, managing access, and ongoing living costs created challenges for affordability assessments. Additionally, the self-build nature of the project and the construction methods proposed meant that many traditional lenders were unable or unwilling to provide a solution that matched the client’s timeline and cashflow requirements.

Drawing on my eight years of specialised experience in self-build lending and my established relationships with lenders, I took a hands-on approach to finding a suitable solution. I engaged directly with lenders to discuss the merits of the project, highlighting the client’s strong planning, experience, and financial position.

By carefully structuring the application and leveraging my network of contacts, I was able to identify lenders who could accommodate the unique aspects of the build while offering competitive terms. Throughout the process, I provided detailed guidance on managing cashflow and structuring the borrowing to align with the construction schedule, ensuring the client had the flexibility to progress the project without financial stress.

A traditional self-build mortgage was successfully secured at a competitive rate, with a term tailored to suit the project and the client’s cashflow requirements. This allowed the client to move forward confidently with construction, knowing that their financing was structured to meet the demands of the build.

The solution not only enabled them to finally realise a home they had been planning for many years but also provided reassurance that the project could be completed smoothly.

The client was extremely grateful for the guidance and support throughout the process, and they are now on track to move into their dream home, excited to see years of planning and effort come to fruition.

Fiona James, Senior Mortgage, Equity Release ​& Protection Consultant