Ideal Home Improvement Mortgage
Key features of the Ideal Home Improvement Mortgage
The Ideal Home Improvement Mortgage has been created especially for home improvers and is designed to ensure that your project is as smooth and hassle free as possible. Key features and benefits include:
Features |
Benefits to you |
|---|---|
Borrow up to 95% of your land and build costs. |
This allows you to get your project underway with only a 5% deposit. |
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 works with a number of different mortgage lenders, including Skipton Building Society, the Hanley Economic Building Society and BM Solutions, 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 an Accelerator mortgage you can move quickly to secure your ideal plot with only outline planning permission as soon as it becomes available. |
