The property – which has a market value of £2m – is mortgaged with a building society, but due to early repayment charges in force until 2020, a remortgage wasn’t viable.

The current lender didn’t want to provide additional funding for improvements, but Clever Lending was able to source a low rate second charge facility.

The new lender sent out its own surveyor to view the property and meet the borrower to fully assess their needs.

The plans laid out for the restoration were deemed to be well thought out and would add value to the mansion.

The restoration is part of a continuous project over the past three years to restore the property to its original excellence, and the additional funds would be used by the owner to carry out the work required.

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The lender agreed to provide the £500,000 loan over 25 years.

“This case was very special as for a listed, historic property such as this it’s vital that restoration work is carried out to the highest quality,” said Sonny Gosai, head of specialist lending at Clever Lending.

“This loan also shows the many and diverse benefits of second charge mortgages and how they can be used for a wide variety of property types – even listed buildings. 

“With early repayment charges in force from an existing lender, the second charge was the ideal solution for the client and the rate was extremely low, making it the most suitable solution in this case.

“The second charge will help ensure the improvements maintain the quality of the building for generations to come and it’s very exciting to know we’ve contributed to such an important project.”