Another property with land mortgage secured for clients remortgaging house with 25 acres

Trinity Financial's brokers have a reputation for helping clients to buy or remortgage properties with lots of land, and here is another example of how we helped a couple release cash from their home with 25 acres. Over the years, we have built up an extensive list of lenders keen to lend on rural properties. 

Did they have a complex situation?

Our clients owned a farmhouse and it had 25 acres of land. It was unencumbered, so it had no mortgage, and they wanted to raise money for an extensive refurbishment. Many mortgage lenders will only go to 10 acres, but our broker was able to get them a market-leading rate with a bank that was happy with the 25 acres.  

Were they in a rush to complete?

Our clients were keen to access the remortgage funds so they could start the refurbishment work. The lender asked for a breakdown of costs to show roughly how the money would be spent.

Why did they need our help?

Their previous broker could not find a lender willing to provide the funds.  

Did we struggle to find a lender?  

No, even though a lot of research is involved. Some lenders do not lend on properties with outbuildings, grazing animals, or commercial agreements linked to the property or land. Still, this property did not have any of these, so it was a relatively straightforward application. 

Was the mortgage on interest-only or capital repayment? 

Capital repayment to ensure the mortgage was repaid by the end of the term.

Was the rate particularly good?

Yes, market leading.

Where did they get our details from?

They found our details via Google. 

Lending solutions with Trinity Financial

Are you looking to buy a property and require expert advice? We’re here to help you find a solution – no matter how complex your circumstances. Our expert brokers have extensive experience providing creative solutions to secure mortgages for our clients.

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation

The information contained within was correct at the time of publication but is subject to change.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage