 The award-winning Accelerator mortgage works on an advance stage payment basis. Recognising that not everyone has the cash required to get to the first build stage - or is able to release equity from their existing property to buy or put down a deposit on land - BuildStore created the Accelerator mortgage which quite simply, releases the funds at the beginning of each stage rather than at the end. With Accelerator, it's possible to borrow up to 85% of the cost of land or a renovation property and up to 85% of the cost of the building works. The Accelerator mortgage is available in England & Wales
Accelerator Mortgage
KEY FEATURES
- Up to 85% of the cost of plot
- Up to 85% of the cost of build
- Guaranteed advance stage payments at the beginning of each build stage
- Ability to remain in current home while building
- Stage payment amounts are not determined by interim valuation
- Self builder has money to pay for labour and materials as they fall due
- Self builder can receive money to pay for their timber frame when required
Eco Accelerator Mortgage
Our exclusive eco Accelerator mortgage is available in England & Wales and offers your eco-conscious self build and renovation customers a very attractive discounted rate and advance stage payments.
The Eco Accelerator Mortgage does not simply focus on energy performance and generation, but also on the building fabric too. It promotes your customers healthy living choice by guaranteeing a discounted interest rate for the lifetime of their mortgage - as long as they select sustainable building materials with a reduced global impact and they ensure their new home is energy efficient.
It's a small but significant step towards minimising global impact - and it is as rewarding to your customers as it is to the planet.
- Lifetime Discount SVR - 0.75%
- Current rate 4.24%
- APR 4.8%
- Up to 75% on the cost of plot
- Up to 75% on the cost of build
- For eco self builds, renovations, conversions, refurbishments
- Minimum deposit 25%
- Maximum loan £375,000
- Advance stage payments
- Product fee 1.5%
- Early Repayment Charge - 3.25% for 2 years
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- More than 50% of the building fabric should include bio-based materials
- Less than 10% petrochemical content should be used
- The building should achieve lower U-Values than new building regulations
- Technology which generates energy from a renewable source to be included - group scheme can be adopted ie. district heating or shared wind turbine provided an element of ownership can be proved
- No PVCu windows or doors permitted
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Leading environmental builders' merchant, Ecomerchant has teamed up with BuildLoan to evaluate each project to ensure it meets with lender criteria and provide a free eco review for your customers - showing all the eco alternatives to standard materials which can be incorporated into their project. Ecomerchant promotes healthy building techniques, through the use of low environmental impact building materials.
Discounted Sustainable Materials
Your customers can make savings on their sustainable materials with a free Trade Card. It' a fantastic extra benefit you can offer to your self build and renovation customers. Read more |
