BuildStore - self build, renovation & home improvement

BuildStore Accelerator Mortgage Scheme

Accelerator Makes Builds Happen

Do you dream of building your own home? Think you can’t afford it? Think again – the BuildStore Accelerator Mortgage Scheme has enabled over 15,000 people build their own house.

Accelerator is unique in that it gives you money before each stage of your project starts meaning you have the cash to pay for labour and materials before the work begins.

What’s more, with Accelerator you can borrow up to 90% of the cost of the land and up to 90% of your build cost and your stage payments are not subject to confirmation by a mortgage valuation at each stage (although some lenders reserve the right to ask for an interim valuation later in your project to check on progress).  With an arrears mortgage your lender will require a valuer to visit the site at the end of each stage and submit a report to the lender before they will release any money.

Features
Benefits to you
Borrow up to 90% of your land and build costs.

This allows you to get your project underway with only a 10% deposit.
This low deposit requirement means there is no need to sell your existing house to raise money before your new house is complete.

Stage payments made in advance of each stage of the build.

Having money when you need it puts you in a stronger negotiating position when buying materials and labour and lessens the risk of workmen leaving the site because they have not been paid.

Range of lenders and interest rates.

BuildStore Mortgage Services works with a number of different mortgage lenders, including the Hanley Economic Building Society, Bath Building Society and Melton Mowbray Building Society to ensure you can choose a mortgage type and interest rate to suit your particular circumstances.

Purchase land with only outline planning permission..

Some lenders will only lend on land which has detailed planning permission which can take months to arrange.  With BuildStore's Accelerator Mortgage Scheme you can move quickly to secure your ideal plot with only outline planning permission as soon as it becomes available.

Tools and calculators

Get an estimate of the build costs for your project using our handy build cost calculator.

Your home may be repossessed if you do not keep up repayments on your mortgage.

For arranging self build and custom build mortgages, we charge a fee of 595. 95 is payable on application
and a further 500 on offer. For all other mortgages we charge a fee of 295 which is payable on offer.

2014 BuildStore Mortgage Services Ltd. All rights reserved.

BuildStore Mortgage Services Limited is an appointed representative of the following companies which are authorised and regulated by the Financial Conduct Authority for advising on and arranging the following: Mortgage Advice Bureau Limited for mortgages. Mortgage Advice Bureau (Derby) Limited for insurance.
BuildStore Mortgage Services Limited. Registered Office: 4 Station Road, Milngavie, Glasgow G62 8AB. Registered Scotland Number: SC448916

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