Strategic Land Purchase for Self-Build in Devon
£245,000 · 10 months · 1.02% pm. A self-builder had identified a single plot in a Devon village with planning consent for a bespoke family home.
The Client
Self-builder
The Challenge
A self-builder had identified a single plot in a Devon village with planning consent for a bespoke family home. The plot vendor required a quick unconditional purchase. Self-build mortgage providers required planning consent to be in place before advancing on the land - which it was - but needed time to process the application.
Our Solution
Doulton bridged the gap between plot purchase and the self-build mortgage advancing. The £245,000 land loan enabled unconditional purchase in 16 days.
The Outcome
Plot purchased. Self-build mortgage provider completed their assessment during the bridge term and advanced funds at month nine, enabling groundworks to commence. Key highlights: Self-build plot accepted with planning in place; 16-day completion; Self-build mortgage provider bridge confirmed at month 9.
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