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Daily Mirror
Daily Mirror
National
Antony Thrower & Lisa Letcher

Woman is granted mortgage on £1m holiday home after being rejected 70 times

A businesswoman is celebrating after finally being granted a mortgage after being rejected more than 70 times by different lenders for her dream home.

Sarah Rugg, 49, decided to buy the £1million house after ‘falling in love' with Cornish village Sennen Cove.

After dozens of knockbacks from different lenders her dream came true thanks to FFP Solutions, a finance broker in Wales, Cornwall Live reported.

Sarah, who owns a home-healthcare business, said: “I was introduced to Sennen Cove many years ago and fell in love with it more and more every time I returned.

Sarah had always dreamed of owning a home in Sennen Cove, Cornwall (Getty Images/Image Source)

“It has been my dream to live there – I actually had the house next door on my ‘vision board’ for a long time, which is quite a coincidence – so when this one came up, I was determined to have it.

“The views and the location are perfect so for it to now be mine is amazing.

“Our long-term plan is to move there but initially we will operate it as a holiday let.

The house will initially be used a holiday let (Getty Images/iStockphoto)

“After so many knock-backs for FFP to be able to help us was incredible, it was a miracle and we are so, so grateful, never in a million years did I believe this would happen, but they managed it.”

She added the property has had several improvements, adding: “We have redeveloped the site to include a cinema room, five bedrooms, hot tub, 180-degree views and more, it’s a wonderful property.”

Richard Pape, who works for FFP, congratulated Sarah, adding: "Throughout the pandemic we have been able to help people overcome obstacles and barriers to financial support due to our vast network of partners and the funding channels we can access across the sector.

“In this case we were able to look at projected holiday let rental and affordability, and from there once approved the legal work was completed in less than five weeks.

“We know how much this meant to Sarah and her family so to be able to help them is heartening for us, and of course it will have a knock-on effect for the economy, tourism, and hospitality in that area of the South Coast.

“A lot of people are forced to rethink their plans when they hit a brick wall, but Sarah didn’t; with her tenacity and our connections we were able to get this deal over the line – we wish her every success for the future.”

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