A rural retreat

The case:

A couple from London wanted to purchase a rural retreat in Gloucestershire.

The financial detail:

The property was valued at £1.1m and would be a second home. Both applicants were in employment, working as lawyers.

The property detail:

The rural property also included stables giving rise a potential mixed-use scenario.

Our solution:

At 40% LTV the couple's monthly employment income met affordability criteria. Some lenders would dismiss a mixed-use site including stables as too complex, but we reviewed the whole site, and found the stables accounted for a minority percentage. Moving beyond a tick box approach meant great business for us and a mortgage on a dream countryside home for the clients.

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