Feature |
Benefit
to you |
| A
single loan to fund the purchase and modernisation costs
of a substandard property. |
Eliminates
the need for additional borrowing and the additional
costs associated with this. |
| Borrow
up to 95% of the costs of buying the property, plus
up to 95% of the refurbishment costs. |
Ensures
that even if you only have a relatively small deposit
you can make sure your project gets off the ground. |
| Borrow
up to 95% of the end value of the property. |
Allows
you to borrow more as the loan is related to the final
value of the property as opposed to the current value. |
| No
retention on the loan; money is released BEFORE you
carry out the refurbishment work. |
Ensures
you have the money to pay for building materials and
labour as they fall due. |
| Stay
in your own home until work is complete. |
The
Ideal Home Improvement Mortgage is designed to run alongside
your existing mortgage as you build. This means that
if the property you are refurbishing is uninhabitable
you can remain in your current house until the work
is complete, eliminating the need for costly furniture
storage or staying in rented accommodation. |
| Receive
stage payments in advance, ensuring positive cash flow
from start to finish. |
Provides
you with positive cash flow throughout the entire project.
Without this, many home improvers would be unable to
find sufficient cash to fund the project. |
| Loan
is not subject to interim valuations. |
You
can avoid costly time delays making you more likely
to complete your project on time and within budget. |
| Choice
of leading lenders, products and competitive rates. |
Allows
you to choose to mortgage type, lender and interest
rate which best suits you financial circumstances. |
