Mayflower Mortgage simplifies self build projects, barn conversions, and renovations with expert guidance and flexible funding solutions. A family run business that focuses on you, they deliver mortgages designed to fit your unique needs.
Take a look at two of their latest case studies for inspiration:
Part-Built Timber-Frame Project In A Multi-Plot Development
Project overview
A part-built timber-frame self-build within a three-plot development.
The challenge
The timber-frame system lacked preferred accreditation and affordability was tight.
The solution
Vernon was used for product cost and affordability with bespoke stage-by-stage contingency.
The outcome
The clients obtained around GBP340,000 against income of roughly GBP70,000.
Mortgage overview
| PRODUCT | Self-build mortgage with bespoke contingency | LENDER | Vernon Building Society |
| LOAN AMOUNT | About GBP340,000 | PROJECT VALUE | Not stated |
| INTEREST RATE | Not stated | LTV | Not stated |
Self-Build Behind A Pub With Access Through The Car Park
Project overview
A ground-up self-build on land bought behind the pub where the clients worked as live-in/managing landlords.
The challenge
The house would sit behind the pub, with the only access via the pub car park, and the clients’ role/income was linked to employment by the pub rather than ownership of it.
The solution
A lender was found willing to accept the location and access arrangement.
The outcome
The clients completed a difficult self-build placement where location and access would usually be major lender concerns.
Mortgage overview
| PRODUCT | Self-build mortgage | LENDER | Not stated clearly on call |
| LOAN AMOUNT | About £255,000 stated on call | PROJECT VALUE | Not stated |
| INTEREST RATE | Not stated | LTV | Not stated |
Note: where a mortgage overview field says “Not stated on call”, the transcript did not provide that detail. Please check name spellings before publishing.
