🏢 Case Study: Remortgage of Historic Grade 1 & 2 Listed Home
🚧 Key Financial Challenge:
Problem
📌 Client Profile:
- High-net-worth individuals (HNWIs) with substantial assets and a profitable family business • Owners of a Grade I and II listed historic Abbey, originally built in the 1100s • Seeking capital raise for future property developments but struggling to secure financing due to the unique nature of the property This was an old Abbey built in the 1100s which had undergone significant refurbishment over the years the clients had owned it. They were looking to capital raise against the property to invest in further property developments.
Traditional lenders struggled to place a mortgage due to the property’s highly unique historical status and location. The complexity of lending against a Grade I and II listed property meant conventional high-street lenders and even some specialist mortgage providers were unable to assist.
Solution
✅ Recognizing that a traditional mortgage would not be viable, we leveraged our relationships within the private banking sector. By taking a holistic approach, we structured a bespoke financing solution that factored in the clients’ entire wealth profile—including assets, investments, and business performance—rather than relying solely on the property as security. The property, whilst magnificent, was going to pose a problem using a ‘dry’ lend. I began reaching out to my contacts within the private banking sector to broach the problem from a different angle, using more than just the property as security.
Outcome
💰 💰 Strategic Financial Gains:
- Secured a 60% mortgage against the historic property, unlocking almost £3M in capital • Private bank considered the client’s overall wealth, company turnover, and experience in heritage property development • Structured the mortgage in a way that facilitated future restoration projects and enhanced long-term investment potential 📢 If you own a unique or heritage-listed property and need expert guidance on securing financing, we can help. Our private banking connections and tailored financing strategies ensure you receive the best solutions, even for the most complex lending scenarios. Contact us today to explore your options!
