For intermediary use only


How do you arrange a mortgage on a renovation property that is deemed uninhabitable?  A traditional lender won’t offer a mortgage on a property that doesn’t have a working bathroom and kitchen. You’ll need a more specialist approach.

Clients looking for a renovation mortgage – look no further.

When it comes to helping your clients renovate a property to live in, its worth noting the majority of high street lenders will only offer a mortgage on a property that they consider to be habitable (working bathroom and kitchen) – eliminating many ‘unconventional’ renovation projects.

 High street lenders often won’t lend where major structural works are being carried out, and your client’s borrowing will be limited to 80-95% of their home’s current value – which may not be enough to cover the cost of the planned works.

With BuildLoan, your 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.


Why buildloan?

  • 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

Clients Renovating to Sell or Let?

Suppose your clients plan to sell or let the property after the improvement works are complete. In that case, BuildLoan can provide a competitive short term secured development loan or bridging loan to fund the necessary works. On completion of the works, your client repays the loan by refinancing or selling the property.