Residential property adjacent to a Zoo
Our client had purchased a rural property to live in which came with a large parcel of land next door. Over a number of years he developed that land into a thriving zoo business. Unfortunately, when the time came to remortgage at the end of his deal, he found that no mainstream lenders would lend against the house because of the proximity of the zoo.
This one almost stumped us! Even a number of specialist lenders refused to lend but we persevered, and, through our extensive network of lenders, we identified a bank that would be willing to lend.
The lender in question takes a very bespoke approach to underwriting and really drills down into the specifics of each case. That enabled them to fully understand the customer and the risk and established a relationship which may well over time develop to include a commercial lending proposition, enabling the customer to keep all their borrowing requirements under one roof. A win-win!
