Property investment firm Propp has completed a £900,000 funding package for a self-build project involving the redevelopment of a 1940s prefabricated property on a 35-acre site. The project will create a five-bedroom home of approximately 4,000 square feet using modern timber frame construction with timber cladding.
The financing was structured through Propp’s Saffron for Intermediaries division, which provided staged drawdowns aligned with construction phases. The client initially refinanced the existing property to release capital for the build, with subsequent funding released as work progressed.
Funding structure
The staged approach allowed the project to proceed without relying on short-term finance solutions. The funding package included provisions for additional capital to be introduced later through a planned property sale, removing fixed disposal deadlines from the construction timeline.
Peter Williams, chief executive at Propp, stated: “This case is a great example of how specialist self-build funding can unlock ambitious projects that don’t sit comfortably within traditional lending criteria. From large plots to non-standard properties and phased funding requirements, this is exactly where Propp adds real value for clients.”
Market context
The transaction follows Propp’s completion of what it describes as its largest Saffron self-build mortgage to date, valued at £4.85 million. Lee Williams, national sales manager at Saffron for Intermediaries, noted that the self-build market is “increasingly important in delivering high-quality, bespoke homes”.
The project represents activity in the high-value self-build segment, where specialist lenders have expanded their presence as traditional mortgage providers maintain stricter criteria for non-standard properties and phased construction financing.
Construction is designed to meet current building standards, with the completed property intended as a long-term family residence on the rural site.
