Norton Home Loans helps joint applicants remortgage non-standard construction property to consolidate debt and fund renovations

10 April 2026

Norton Home Loans (NHL) has helped joint applicants, a company director and a teaching assistant, raise £218,000 through a remortgage on a non-standard construction property in Southampton.

The customers were looking to consolidate a range of existing debts, including a mortgage on a standard variable rate (SVR), a secured loan with an interest rate of over 10%, and unsecured borrowing. They also raised an additional £30,000 to complete renovations and an extension on the property.

The case was particularly complex due to the construction type. While the subject property, a Precast Reinforced Concrete (PRC) house had undergone repairs, neighbouring properties remained unrepaired, which had led to other lenders declining to lend on the subject property. The applicants had also experienced recent missed credit card payments.

Norton Home Loans was able to support the case by offering up to 80% Loan-to-Value (LTV), subject to the property being deemed mortgageable through conventional sources. Following a satisfactory mortgage valuation, the loan was approved.

The applicants secured funding on NHL’s Optimal 1 product with a two-year fixed rate.

The case was introduced by broker John Charcol, who worked closely with Norton Home Loans to navigate the complexities and secure a suitable outcome for the clients.

With more than 50 years of experience in specialist lending, Norton Home Loans supports brokers with cases that fall outside standard criteria, including complex credit histories, affordability challenges, and non-standard income or property types. Its broker first approach combines flexible criteria, individual case assessment, and direct access to underwriters.

David Binney, Head of Sales at Norton Home Loans, said:

“This case highlights our ability to support borrowers with complex requirements, particularly where property type and credit history may limit options elsewhere.

“Despite the challenges presented by the non-standard construction and recent credit blips, the overall affordability and positive valuation gave us the confidence to proceed and deliver a solution that met the customers’ needs.”

Jessica Cook, Broker at John Charcol added:

“Getting this case approved with Norton Home Loans was a huge relief for the clients and myself, having been declined with three previous lenders, so even getting a DIP accepted felt like an achievement.

“Matthew, NHL’s BDM and the underwriters Sharney and Simon were so helpful throughout the case and were quick to update. Norton Home Loans were my only option, and I am so pleased they were able to lend on this property. The clients are now finishing their extension and renovations and are really pleased.”

For more information about Norton Home Loans, visit: https://www.nortonhomeloans.co.uk