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Self-employed businessman’s home transformed thanks to a £1.5m loan

A self-employed director of two highly-successful companies secured £1.5 million from us after having his funding application turned down by a high street bank where he had been a customer for more than 20 years.

The challenge

The director, who runs two development and construction companies, needed the finance for building work at his £7.7 million home, including building an indoor swimming complex. He requested the finance from his bank but was told that his self-employed status – and the fact his income came from multiple sources – meant he would be unable to borrow the full amount.


The solution

A broker referred him to us and our in-house mortgage adviser reviewed the case, before agreeing to provide a second charge loan for £1.5 million. The customer had bought the 18,000 square foot property, which stands in three acres of land, for £3 million 10 years ago and estimates it is now worth more than £10 million because of the refurbishments carried out over a decade.



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