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Client success stories

We’ve been in business a long time and have been able to help clients across all sectors, and with most possible financial products.

How have we raised finance for businesses like yours? We have written some successful completed cases about our clients and their financial journeys.

Complex luxury cottages finance? ASC facilitates Sway staycations

Mr and Mrs Mirauer were referred to ASC to assist with obtaining a commercial mortgage to purchase the freehold of Hazelhurst Farm, which our clients intended to convert into several luxury holiday cottages. The property did not have a prior trading history as many of the buildings had been disused for some time.

With ASC having approached several lenders on their behalf, our clients decided that the best option for them was with Lloyds. However, following a more detailed analysis, Lloyd’s credit team were not able to meet our clients’ requirements on a projection-basis.  After careful negotiations between ASC and Lloyds, alongside Carl liaising with the vendor, it was agreed Carl & Hayley would exchange contracts while leasing Hazelhurst Farm for 12 months, in order to carry out the works. This involved substantially refurbishing and fitting out former barns into 6 luxury holiday cottages, the construction of state-of-the-art stables and a paddock for livery income and initial structural work on a former store barn, which when finished will enable additional revenue streams by hosting events for residents.

12 months later, following successful completion of the works, ASC resubmitted its lending proposal to Lloyds and we were delighted to ultimately receive Lloyd’s formal approval for the requested finance. Carl & Hayley were able to complete the mortgage with Lloyds over a 25-year term at a rate of 3.75%.

In discussing the benefits of working with ASC, Carl advised that “when dealing with a lender such as Lloyds, along with multiple other parties involved in the process it can be very time consuming. ASC liaised with everyone on our behalf and packaged the deal properly.  There’s no need for duplication of numerous forms as ASC deal with all that. It’s timesaving and you get assurances that it’s suitable, along with the clarity and guidance that ASC offers.”

“Dan and Lisa worked tirelessly on a long and complicated commercial purchase for us. They were there to assist with every hurdle that we encountered and never lost enthusiasm. We would recommend them very highly to anyone looking at commercial finance”.

Dan Gateshill, regional Director of ASC Hampshire, Dorset & Isle of Wight commented “This was a challenging lending proposal from the outset due to the complexity of finding a lender that would buy into Carl & Hayley’s vision for the property, but with no demonstrable trading figures available. I met with our clients at the property several times and encouraged my contacts at Lloyds to also visit, which ultimately secured their support for the project. This clearly demonstrates one of the many benefits of working with ASC, as we take away all of the hassle of working with commercial lenders and have direct access to decision makers in the various lending institutions.”

Due to the effects of COVID and the reluctance of the British public to travel abroad on holiday, this has solidified the offering of Hazelhurst Farm for staycations for couples or groups. The Holiday lets can house up to 22 guests and once the farmhouse is ready to be let this will increase to 30 guests. Carl is currently carrying out works on another barn to allow for a ‘games/entertainment’ venue to be used by the guests and with the New Forest on the farm’s doorstep, it’s a perfect location for any staycation!

More information about Hazelhurst Farm can be found in their websiteLinked In or Facebook

Contact Dan at ASC today, to see how we can help you to secure the right finance for your project whether you are near ASC HampshireASC Dorset or ASC Isle of Wight. Dan can also be found on Facebook and Linked In.

Why ASC?

We treat you as an individual and not as a form filling robot – and we won’t put you through to a call-centre.

You can speak to an experienced local finance director who has the knowledge and ability to make decisions. There is no obligation to discuss your project with us, so contact your local director today for a free consultation.