Mortgage secured for family buying farmhouse in Devon with 45 acres of land

by Aaron Strutt

Mar 26 2025

Client Profile

Our client approached Trinity Financial seeking a mortgage for a farmhouse in Devon with 45 acres of land. They had bought the property at auction and successfully secured a purchase price of £600,000, requiring a mortgage of £450,000 to complete the transaction.

Client background

• Husband’s occupation: Financial consultant with income from several PAYE contracts and a limited company. Wife’s occupation: Homemaker.

The challenge

This was a particularly complex case due to several factors:

• The property consisted of 45 acres spread across three land registry titles.
• The main farmhouse was in poor condition, requiring substantial work.
• There were large outbuildings on the site, adding to the complexity of the valuation and mortgage requirements.
• The husband’s income was structured through multiple PAYE contracts and a limited company, making affordability assessments more complex.
• The property was purchased at auction, adding time pressure to secure funding quickly.

Why Trinity Financial's expertise was needed

The nature of the property and the client’s income structure meant the case fell outside the typical criteria of most high street lenders. A specialist approach was essential to secure a suitable mortgage product that aligned with the client’s financial structure and long-term plans.

Our approach

After extensive research, Trinity's broker identified a specialist lender that could accommodate the case's complexity, recommending:

• A repayment mortgage on a discounted tracker product.
• The rate is priced below 5.5%, and the rate is discounted for the term of the loan, with a product fee of £1,249.
• The tracker product provided the client with the flexibility to maximise overpayments within the initial deal period, supporting their plan to sell off part of the land into a SSAS pension in the future.

Lending solutions with Trinity Financial

Thanks to Trinity Financial's expertise and tailored approach, the mortgage was successfully secured on competitive terms despite the challenges. The client completed the purchase and started working towards renovating their new home.

By identifying the right lender and structuring a flexible product, we ensured the client could secure their dream property while aligning with their long-term financial strategy.

Call Trinity Financial on 020 7016 0790 to secure a property with land mortgage or book a consultation

The information contained within was correct at the time of publication but is subject to change.

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