£150,000 Home Improvements & Building Works

Our clients, retired business owners approach us looking to raise £150,000 to build an annex in the garden of their home, and complete home improvements. The property sits on a Grade II listed land, and planning permission had already been successfully obtained. The clients held a first-charge mortgage with an existing lender at a very competitive rate. They were keen to avoid remortgaging, as this would have resulted in early repayment charges. We identified a second charge loan as the most suitable option, allowing the clients to raise funds without disturbing their existing mortgage rate.

Within three days of receiving the initial enquiry, we sourced a suitable lender and issued terms that met the clients’ requirements. The clients provided documentation promptly, and we took the time to explain the process clearly at each stage to ensure they felt comfortable throughout. Our expert team handled the second charge consent process directly with the first mortgage lender, removing unnecessary stress for the clients. To keep the case moving, a drive-by valuation was arranged. We successfully secured a £150,000 second charge loan, allowing the clients to move forward with their annex build and home improvements as planned. “The clients were very happy they could complete their annex build and carry out home improvements quicker than a remortgage could provide. They really helped make this process easier by providing documentation promptly.” Aimee McEwan – Case Manager