EXCLUSIVE MORTGAGES AND EXPERT ADVICE FOR YOUR HOMEBUILDING PROJECT
BuildStore Mortgage Services is the UK’s leading homebuilding finance expert and has helped over 25,000 customers successfully build, renovate and convert their own homes during the past 20 years. Finance expert, Rachel Pyne, explains what you should consider when funding your project.
With any homebuilding project there’s never a day without bills – and you’ll need cash available to pay them or you’ll quickly run into problems.
The lowest rate, minimal fees and the total loan amount may be uppermost in your mind for a house purchase but when it comes to any homebuilding project, the single most important factor is cashflow, and ensuring sufficient funds are available, at the right time during your build.
With so many factors that can affect your cashflow – construction type, design, ground conditions etc – it makes sense to consult an expert with in-depth knowledge not only of self build mortgages, but also construction. What’s more, by approaching a specialist mortgage adviser like BuildStore, you’ll have access to a wide range of lenders and products, and they can confidently recommend the mortgage best suited to your individual circumstances and project requirements.
We recommend discussing your ideas early on because by choosing certain design elements before discussing your finance, you may unwittingly be limiting your choice of lenders and mortgage products.
Self build mortgages release funds in stages – either in arrears or in advance. Depending on your individual circumstances, your stage payments will either be guaranteed based on your costs, or rely on an uplift in value at each stage. At BuildStore, our exclusive mortgages are specifically designed to suit your homebuilding plans, offering higher lending percentages and guaranteed stage payments – giving you peace of mind and certainty in your budget.
Every homebuilding project is completely different and requires made-to-measure finance. At BuildStore, our specialist mortgage advisers will recommend the mortgage best suited to your individual circumstances and project requirements. What’s more, we’re with you from start to finish, offering support and guidance from initial advice, through your build and beyond to facilitate your mortgage releases and a quick switch onto a traditional mortgage when your build is complete.
To find out more about how to fund your project click here to speak to us today or call 0345 223 4888