100% Mortgages for Renovations & Extensions

100% Mortgages with BuildLoan’s Guaranteed Stage Payments
for Clients Renovating or Extending their Homes

BuildLoan’s guaranteed stage payment mortgages are a game-changer for mortgage brokers working with clients undertaking home improvement and property extension projects. These products provide unparalleled flexibility and certainty, addressing some of the most common challenges brokers face in securing adequate and timely funding for their clients’ projects.

 

1. Ability to fund 100% of the build costs

One of the standout benefits of BuildLoan’s stage payment mortgages is their ability to cover 100% of the project’s build costs. This ensures that clients have the financial capacity to complete their builds without having to dip into personal savings or secure additional funding sources.

  • Why It Matters: For renovators and property extenders, unexpected costs or underestimating project expenses are common risks. Knowing that the mortgage can fully cover the build costs provides peace of mind for both you and your client.
  • How It Helps Brokers: You can confidently recommend these products, knowing your clients won’t face funding shortfalls during the project.

 

Extension

2. Borrowing up to 85% of the end value of the completed property

With BuildLoan’s products, clients can borrow up to 85% of the property’s anticipated value upon completion. This approach provides significantly higher borrowing power compared to products limited by the current value of the property at various stages.

  • Why It Matters: Many traditional mortgages are restricted by LTV limits tied to the property’s present value, which can fluctuate or even decrease during construction. By focusing on the future value, BuildLoan enables clients to maximise their borrowing potential.
  • How It Helps Brokers: You can offer a solution that matches the client’s ambitions and ensures they can achieve their desired result without compromise.
    Finished Extension

    3. Freedom from current value constraints 

    BuildLoan’s stage payment products are not tied to the property’s current value during construction. This eliminates the risk of funding delays caused by down valuations, which are common with traditional mortgages relying on ongoing site assessments.

    • Why It Matters: Many property extensions or major renovation projects can see a temporary dip in property value during early phases (e.g., when removing a roof or gutting the interior). BuildLoan’s approach bypasses this issue by focusing on pre-agreed stage costs and the property’s future value.
    • How It Helps Brokers: You can reassure their clients that funding will be available precisely when needed, without the uncertainty of interim valuations affecting their cash flow.
    BuildLoan Lender Panel

    4. Guaranteed Stage Payments

      BuildLoan guarantees stage payments based on pre-agreed construction costs rather than fluctuating valuations. These payments can even be made in advance of each stage of work, ensuring clients have the necessary funds to proceed without delays.

      • Why It Matters: Upfront funding is crucial for clients using modern construction methods like timber frames, which require significant payments before materials are delivered to the site.
      • How It Helps Brokers: You can deliver tailored solutions for diverse client needs, including projects requiring advance payments or specific construction techniques.

      Money and calculator

      Key Benefits for Brokers

        BuildLoan’s stage payment mortgages provide you with:

        • Certainty: Guaranteed stage payments reduce financial uncertainty for clients, ensuring projects stay on track.
        • Flexibility: The ability to borrow up to 85% of the end value of the completed project opens doors for your clients with ambitious home improvement, property extension or renovation plans.
        • Enhanced Client Satisfaction: By offering a product that fully addresses the unique funding needs of renovators and home improvers, you can strengthen your relationship with your clients and build long-term trust.

        Conclusion

          BuildLoan’s guaranteed stage payment mortgages empower brokers to deliver comprehensive, client-focused solutions that address the unique challenges of clients looking to extend or renovate their homes. By providing full funding, leveraging the property’s end value, and eliminating reliance on current valuations, these products set you apart in a competitive market while ensuring clients achieve their dream homes without financial hurdles.

          Your ideal partner for renovations & extensions

          BuildLoan is the ideal partner for you when looking to expand your expertise in selfbuild, renovation, and construction finance. With specialist products, expert support, and the UNICUS research platform, you can confidently meet your clients needs while fulfilling your Consumer Duty obligations.

          Take your service and knowledge to the next level by partnering with BuildLoan!

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          The activities carried out by BuildLoan are not regulated by the Financial Conduct Authority.