 If
you will not need a mortgage when your house is complete
but need to borrow money during its construction –
Advance could be just what you need.- Almost a third of self builders and renovators will not
need a mortgage when their build is finished because they
have sufficient capital to pay the cost of building their
new home. However, this capital is usually tied up as equity
in their current house and cannot be released without the
self builder selling and moving out of their current house.
- While many self builders do this and move into rented
accommodation or a caravan on site during the building of
their new home, many more would prefer to remain in their
current house while their new home is being built if that
was possible.
- It is for these people that Advance has been developed.
Advance is short term building finance for self builders
and renovators who need money to fund the building of their
new home but who will not require long term borrowing on
it.
- Advance is more flexible than anything else on the market
and gives excellent value for money.
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