Contact Us

Part-built self-build / No warranty / Down valuation

Part-built self-build / No warranty / Down Valuation

You’ve started the works on your dream home, but run out of money!

The challenge

A client approached us in the middle of a major structural refurbishment saying their funds had nearly run out for the works. This wasn’t the only problem however!

• Most lenders do not lend part-way.
• Loan size above most lender’s maximums.
• No structural warranty (major works will require these with most lenders).
• Self-builds are income led like a normal mortgage, and this client was heavily reliant on bonus income.
• A “down valuation”!

The solution

We found a lender who was happy with everything overall.

• Accept bonus income.
• Would go above their maximum loan size.
• Would accept an Architect’s Certificate in place of a structural warranty.
• We worked with the lender, borrower and contractor to reduce the build budget from ‘would like to have’ to ‘enough to get the property mortgageable to mainstream lenders’. This in turn meant we could refinance again at that stage to release the remaining funds needed to get to ‘would like to have’.

After thought

Self-builds are challenging at the best of times, but this had its various added layers of complexity. Working with all parties especially with any problems means getting them resolved to everyone’s satisfaction. We know who to bring to what challenge.

Other case studies

Case study

Multiple sources of income.


Case study

Multi-unit freehold block / 6 of 6 flats / Above commercial.


Case study

Low dividends / High net profit / School fees.


David was absolutely amazing, from helping us find the right mortgage, to advising us, to being on hand for silly questions we had. Nothing was too much trouble for him. I will absolutely be recommending him to our friends.

Frederica Turner

Interested in how we can help you?
Get in touch today.

We use cookies to analyse website traffic and usage. To find out more about the cookies we use, see our privacy policy