Graven Hill Mortgages
At BuildStore, our specialist advisers can recommend and tailor your mortgage to suit your individual needs and the specific build and payment option you have chosen for your new home.
Self Build Homes
Choose a fully serviced plot in your desired location and build a home that fits your needs, to your style and standards. Your new home will be paid for in stages, rather than as a single amount. The first payment will be for the plot, with the remainder throughout the build to pay for your tradespeople and materials. A stage payment mortgage tailored to suit your financial circumstances, build and payment schedule is most suitable.
Mix and Match Homes
Choose a fully serviced plot in your desired location and design your home from a range of options. Your new home will be paid for in fixed stage payments, rather than as a single amount. The first payment will be for the plot, with the remainder at pre-agreed stages throughout the build. A cost-based stage payment mortgage with guaranteed stage releases tailored to suit your fixed payment schedule is most suitable.
Custom Build New Homes
You’ll have the opportunity to customise the internal layouts and finishes within your chosen new build property from a menu of options when you reserve your plot early. There is only one payment required when the property is in ‘walk-in’ condition – much like the new build process. At BuildStore, we’ll search the market comparing the different deals available, to find the right mortgage for you.
It depends on your financial circumstances and how much you can afford. As with any mortgage, lenders will assess your income and outgoings to calculate how much they are willing to lend you. However, unlike a traditional mortgage, your borrowing is not limited by the plot or property’s current value.
With a standard self or custom build mortgage, you can typically borrow up to 75% of your project costs, while with BuildStore’s higher lending percentages you could borrow up to 95%, with a maximum of up to 85% of the expected end value of your new home.
Self and custom build mortgages release funds in stages – in arrears or in advance. Depending on your individual circumstances, your stage payments will either be guaranteed based on your costs or rely on an uplift in value at each stage.
BuildStore’s unique cost-based mortgages provide guaranteed stage payments based on your build costs either before or after each stage of works, depending on your payment schedule. This way you will have certainty in your budget, and peace of mind knowing you’ll have the cash you need when it’s needed.
The right mortgage for you will depend on your individual circumstances, payment schedule and build option you’ve chosen at Graven Hill. With BuildStore, you’ll have access to a wide range of lenders and products, and our expert advisers will recommend the mortgage best suited to you.
Graven Hill Mortgage Enquiry
Find out how BuildStore can help you fund your dream home at Graven HillMake an enquiry