CASE STUDY 6:
For many years we have supported borrowers with their self build projects. From purchasing the plot to raising funds to finish the final fix, we can assist. When Mr and Mrs C approached us, via their mortgage broker, they had almost finished their build – but had depleted their funds. They had also accumulated some unsecured borrowings and were concerned about how they would be able to finish the build.
Mr C, a self-employed builder had seen his income reduce in the last tax year as he had invested time on his own build, in preference to paying someone else to do the work. This meant that affordability could have been a problem.
We worked with the mortgage broker, and the applicants’ accountant, assessed the position of his previous earnings and obtained a projection for this year – and the numbers worked! This meant that we could help the applicants settle those bills and complete their build.