Case Study

Barn conversion - Class Q Conversion within flood zone

Key Facts:

  • Planning agreed only on a class Q permitted development right  

  • The site was located within a flood zone

  • Site value £460,000

  • Build Cost: £360,00

  • Loan required : £512,000

  • Gross development value: £1,000,000

Problems

Client had struggles to secure funding due to the site only have a permitted development right under class Q planning and the site was within a flood zone 3 area.

Solution 

Nearly a fifth of our business is helping people convert barns, as such we used our knowledge and relationship with a specialist conversion mortgage provider to secure lending.

We helped raise funds toward the purchase and 100 % of the build costs.

We used our relationship led approach to negotiate with the lender and surveyor prior to application on the issue of flooding on site .