At Canada Life, our flexible underwriting approach sets us apart from other providers. Our lending policy covers a wide range of properties, including Modern/ECO Build homes, which we will consider on a case-by-case basis.*
David and Susan were looking to purchase a modern property built with traditional materials, including timber and steel frame with tile cladding.
Designed by a reputable architect and backed by a 10-year Buildzone warranty, this property is situated in a desirable rural village. At the time, the property was nearly complete, but David and Susan waited to apply for a mortgage until the property was habitable and they had moved in.
Most, if not all lenders, would not even consider lending for such a property/project due to some of the state-of-the-art materials used within the build as they veer away from some of the standard materials typically used in property construction. But that is where Canada Life can help.
Our Underwriting Team was ready to assist. With the rise of modern and eco-friendly homes, our vision of embracing contemporary construction methods allowed us to make an offer to David and Susan.
This offer, which was accepted, highlights our flexible approach and our ability to consider unique properties.
* Please note that the above case study is an example of exception lending. We will consider all applications on a case-by-case basis.
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
Read how Canada Life helped Mohammed and Janice secure a equity release mortgage on a Grade II* listed property.
