At Canada Life, our flexible lending approach sets us apart from our competitors and we will consider lending where they would not. This includes properties with Flat Roofs, Eco style or Grade I & II* listed properties and Ex Local Authority Flats, which we will consider on a case-by-case basis.*
Navigating complex properties requires a lender with a flexible approach to underwriting. At Canada Life, we pride ourselves on our ability to find solutions to help advisers deliver good customer outcomes. Our underwriting team is adept at handling a wide range of different properties on a case-by-case basis.
Ben and Sally have called their unique Barn and Oast property home for the last 30 years.
Over that time, they've transformed it through extensive renovations. Four years ago, they adapted the property further, converting the Oast into a successful holiday let while they moved into the adjacent barn, nestled within three acres of gardens and paddocks.
Property highlights:
Beyond the numbers
Join Paul O'Hara, Senior Underwriting Manager at Canada Life, as he discusses our underwriting approach, using real-life examples to illustrate how we've helped our customers achieve their retirement goals.
Contact our Underwriting Team
Phone: 0800 068 0212
Email : hf-underwriting@canadalife.co.uk
Ben and Sally have had trouble securing equity release as the property, both the Barn and Oast house, are incorporated under one freehold title, meaning other providers would not consider lending.
Our Underwriting Team adopted a pragmatic and solution-oriented approach. By working directly with the adviser, we understood the unique circumstances and approved a title split at completion of the mortgage, facilitated by the property's existing separate access points.
This flexibility allowed us to offer Ben and Sally the mortgage they needed, which they readily accepted.
This case exemplifies our commitment to flexible underwriting and our ability to provide tailored solutions for complex property scenarios.
*Please note that the above case study is an example of exception lending. We will consider all applications on a case-by-case basis.
Read how Canada Life helped David and Susan secure a mortgage on a modern property built with traditional materials, including a timber and steel frame with tile cladding.
Read how Canada Life helped Mohammed and Janice secure a equity release mortgage on a Grade II* listed property.
