Advance Key Features

Money is released in advance of each stage of the build.

Positive cash flow puts you in control during the build.

You can borrow up to 95% of the cost of the land.

You only need a small deposit to secure the land.

You can borrow up to 95% of the cost of the build.

This enables you to complete your new build without having to sell your current house and move into rented accommodation or a caravan on site.

Borrowing is based on your ability to pay the monthly interest as evidenced by income or from savings and investments or from a mixture of them both.

This flexibility makes it easier to qualify for the amount you want to borrow.

You can borrow for up to three years.

This gives you two years to build your new home and one year to sell your current one – ample time for you to complete your project.

There are no early repayment penalties.

Part or all of your loan can be repaid at the end of any month during the term with no penalty.

Interest is paid Bank of England Base Rate + 2%.

This is much cheaper than bank bridging, the traditional way to borrow for a short term.

There is no need for interim valuations during your build.

No site visits from a valuer during the build means fewer costly delays in the build.

Suitable for self build, renovations and conversions.

Advance short term finance has a wide range of uses.

You can borrow with only outline planning permission.

This can speed up the purchase of your land and get your project started.