We recently received an application from an introducer who had initially started the process with another lender. After completing most of the referencing and then paying for a full valuation the lender declined the case as the customers Residential property was Grade II listed on a large ex-farming plot which also included two Buy-To-Let properties of concrete construction, all on the same Land Registry Title. The property had been valued at £550k, was mortgageable with no agricultural restrictions and in good condition. After obtaining a re-typed valuation report and switching the application to United Trust Bank, we were able to accommodate an advance of £49k for home improvements and an element of debt consolidation, at 34% LTV.
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