The couple had their hearts set on a property in Berwickshire, a spectacular eight-bedroom house, which was built by the celebrated Scottish architect William Burn – who was well known for designing the Inverness Castle in the Scottish Highlands and the site of the first British museum Montagu House in Whitehall, London.

The couple were unable to secure the funding needed from a mainstream lender to purchase the listed building, despite the pair holding senior positions in successful businesses.

Specialist lender Together analysed the case after being contacted by master broker Smart Money, and agreed to provide a regulated bridging loan.

The loan was secured cross charge using the couple’s £2.5m farmhouse in West Sussex, as well as the £1.2m Scottish property.

The couple propose to sell the English farmhouse within the next 12 months to pay back the bridging loan.

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“The customers had fallen in love with the historic building and had their hearts set on a move to the Scottish Borders, so they were devastated when they couldn’t secure funding through mainstream channels,” said Nick Jones, head of specialist distribution at Together (pictured above).

“Smart Money brought the case to us and we carefully reviewed it in line with our commonsense lending philosophy.

“We then provided fast and flexible finance for the customers to complete quickly, allowing them to move in and enjoy this wonderful historic property.”

Paul Crewe, managing director of Smart Money, said the loan application was completed via the broker’s Scottish office.

“This was an unusual case as it involved cross charging on homes in England and Scotland, which allowed the borrowers to unlock more capital.

“In more complex situations like this, it’s key that a strong relationship exists between broker and lender, because they need to work closely together to make sure they get the best possible outcome for the customer, and that’s certainly what has happened in this case.”