Have you ever had clients who would like to build an extension but because they don’t have enough equity in their current property or sufficient savings – think they can’t? The solution is BuildLoan.
With BuildLoan, your clients can borrow against the value of their property, once works are complete.
Many customers think they can’t extend their property because they don’t have sufficient equity in their existing property. That’s because traditional lenders will only lend against the property’s current value.
With BuildLoan, you can borrow against the value of the property once the works are complete. This means your clients can have up to 95% of the current value of their existing home and up to 95% of the cost of the improvement works.
Using BuildLoan, you can help your clients build the amazing extension they want and create a better space for themselves and their family to live in.
- Clients can borrow up to 95% of the current value of the existing home plus up to 95% of the cost of the improvement works
- Cost Based Mortgages removes any risks of down valuation by directly linking stage releases to the cost of the work. Payments guaranteed irrespective of lender valuations
- Advance Stage Payments funds can be released before each stage of the project
- More Money higher loan to cost lending limits – typically 80/85% but potentially 95%. More money released earlier enabling the project to happen
- Tailored Cashflow stage releases matched to individual project and financial circumstances