
HMO Mortgage On Grade II Listed Building In Carlisle
The Scenario
Our high-net-worth clients had identified a residential Grade II listed building in Carlisle city centre coming up at auction that was an ideal rental solution for doctors at the nearby hospital. The property needed refurbishment and some remodelling to make it suitable as an HMO.
Lenders are often reluctant to consider listed buildings: planning permission can be complicated and add expensive weeks to a project. Our clients had no previous experience converting a listed building to HMO, and were aware that this was an issue to be addressed.
The Solution
The clients had already instructed an experienced architect who was in discussions with the council’s listed building department, demonstrating their understanding of the process and a commitment to gathering the necessary information.
We took their application to a lender who was more focused on our clients’ established borrowing record and their strong outside incomes, and were able to secure an in-principle mortgage offer in just two days.
Four months after completion of the purchase, our client advised the lender that consent from the council had only just been received, which had set back the commencement of considerably.
The lender we had approached was able to take a pragmatic view of the situation, and the focus on the best outcome for both mortgager and client. They understood that the delay was completely beyond the client’s control and were willing to relax their standard condition that refurbishment works should be completed within six months.
In this case, matching with the right lender meant they looked at the situation on its own merits in order to get the best outcome for both mortgager and borrower.
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Louis Levine
Finance Executive CeMAP
Bristol
0117 457 7862
Are you looking for a similar type of property finance?
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George Abouzolof
Finance Broker
Bristol
0117 403 3444
Do you need help sourcing your own property finance?
I have extensive experience securing UK mortgages for expat clients. Book a free telephone consultation with me at a time to suit you
Bridging Team
Clifton Private Finance
Bristol
0117 959 5094
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Sam Baker
Finance Broker
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you
Fergus Allen
Finance Broker
Cardiff
0117 959 5094
Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.
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Jacob Phipps
Finance Broker
Bristol
(+44) 0117 959 5094
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I specialize in helping international clients source residential and investment property finance for UK property. Book a free telephone consultation with me at a time to suit you
Jack Spillane
Finance Broker
Bristol
0117 959 5094
Mathew Phillips
Senior Finance Broker
Bristol
0117 959 5094
Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.
Book a free telephone consultation with me at a time to suit you
Alex Chambers
Senior Finance Broker
Bristol
0117 403 4324
Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.
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Luther Yeates
Senior Finance Broker
Bristol
0117 244 5561
Are you looking for a similar type of property finance?
I have extensive experience finding residential and investment property finance for UK and international clients. Book a free telephone consultation with me at a time to suit you.
Sam ONeill
Senior Finance Broker
Bristol
0117 959 5094
Is your situation similar?
I am a bridging finance specialist at Clifton Private Finance. I can find a quick, cost-effective solution for the funding you're looking for. Book a free telephone consultation with me at a time to suit you
Robert Gibb
Senior Finance Broker
Bristol
0117 959 5094
Are you looking for mortgage or short-term finance for residential or buy-to-let property (including HMOs)? I have extensive experience in finding property finance solutions for UK and international clients, both as individuals and limited companies. Please give me a call and let me see what I can do for you.
Book ConsultationAdam Arnott
Associate Director
Bristol
0117 205 0214