Case Study –Lifetime Mortgage | Home Improvements

Value	£1,600,000
Loan Amount	£250,000 (Initial sum) + £230,000 (In reserve)
LTV	30%
Achieved Rate	2.28% initial fixed-rate

The Client

Our clients had already supported their children financially and were now looking to raise funds to build a swimming pool in an outhouse, to enable them to spend more time with their grandchildren, along with arranging a drawdown reserve to fund their future travel plans. Most lenders were unable to value the property as it was located in a village, purpose-built, and nothing comparable had recently sold. Additionally, some lenders raised concerns about their desire to improve their home with a swimming pool.

The Solution

We were able to source a lender who was both comfortable with the proposed works and able to value the property, despite its unique features and lack of comparables.

The Henry Dannell Difference

Our market knowledge and well-established relationships allowed us to identify a suitable lender with their own surveyors - providing us with the confidence that they could offer a realistic appraisal to allow the clients to fulfil their objectives.