DUAL-USE PROPERTY — £1M+ BARN CONVERSION MORTGAGE

The Situation: Client wanted to purchase a countryside property comprising a main residence and a self-contained barn generating holiday let income.
The Complexity: The dual use nature of the property: part home, part income-generating asset, caused many mainstream lenders to reduce appetite and decline.
The Approach: A specialist lender was identified who would assess the full property value and factor in the rental income, rather than applying a blanket residential policy.
The Result: £1m+ mortgage secured on a property that also generates ongoing income, and all with a mainstream lender on competitive rates.