Case Study

Key facts:

·       Planning agreed for a self build 5 bedroom house

·       Plot owned outright by the client

·       Loan required £535,000

·       Gross development value £1,250,000

·       Client was self employed and showing a low income on their tax returns

·       ICF construction

The client approached us after being told by another broker who didn’t specialise in self build that they were unable to lend more than £100,000 as there was inefficient proof of income shown on the tax returns.

The client was a Limited company director who owned two firms. Both companies we making a healthy profit year on year with the exception of 2020 due to the pandemic.

We used our relationship with specialist self build lenders, who agreed to use the net profit from both companies  rather than the clients personal income.

A self build product was secured with a rate of 3.99% with no exit fees post build