Case Study

£470,000 LOAN, TIMBER FRAME, COMPANY OWNER MAKING A LOSS

Key facts:

  • Planning agreed for a 345 SQM build using a timber frame.

  • Site value £800,000

  • Loan required : £470,000

  • Gross development value: £1,300,000

The client approached us as they had been let down by another broker where tehri cases was declined due to their company making a loss in the most recent year

Solution 

Most lender when they see a loss will decline a case particularly in high risk lending areas like self build. We used are strategic relationship with a lender to hold a meeting with their credit committee where we presented a case to them to lend.

The client loan was approved and they have completed their project.