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 helping your clients build their own home, there are so many other aspects you need to consider.
Self build mortgages are not
all the same.
Recommending the right exclusive mortgages for your homebuilding clients is easier with BuildLoan. Few lenders are geared up to handle these sorts of enquiries and sourcing systems don’t ask enough questions. Without the answers to these questions, it’s impossible to be confident that the product you are recommending is actually suitable for your client.
That’s why our dedicated broker desk staffed by experienced self build mortgage specialists, is on hand to guide you and your clients through the process of advice, and provide your with the tools you need to make the right recommendation, with documented research.
You are not just arranging a mortgage, you are facilitating a build
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 helping your clients build their own home, the single most important factor is cashflow and ensuring sufficient funds are available at the right time during their build.
The cheapest will soon become the most expensive, if you don’t get the build completed.
How to source self build products
Sourcing systems allow you to generate illustrations, but be aware they are designed to research traditional mortgages. This is specialist lending. The results generated assume that all of the money will be released on day one by the lender – which will never happen with a self build. The monthly payment and total amount payable will also be based on this assumption. And then there’s an end value that all of the figures are based on, that doesn’t exist, yet.
By relying on the sourcing system results, you may inadvertently create a ticking time bomb of cashflow problems for your clients.
Unicus helps you identify suitable products for your clients
Recognising that mortgage brokers need a safer way to source suitable products for their self build clients, BuildLoan has created the Unicus mortgage platform.
Unicus offers a seamless application, information and support process, allowing you to identify and arrange the right product for your client and arrange their finance online.