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Self Build Solutions for Intermediaries Recommending the right mortgage for your self build & renovation clients, is easier with BuildLoan. BuildLoan provides intermediaries with exclusive mortgage solutions designed specifically for clients who are building their own home, or converting/renovating an existing property, to live in or let out. Few lenders are geared up to handle these sorts of enquiries, and in our experience, sourcing systems simply don’t ask enough questions. Without the answers to these questions – it’s impossible to be confident that the product you are recommending is best advice for this type of client. BuildLoan is here to help you operate efficiently in this specialist market. We’re wholly committed to making the self build process quick, simple and hassle-free. We’ll give you the necessary tools to properly assess your client’s individual circumstances. We’ll then suggest the best product from the BuildLoan panel of lenders, and provide you with a report explaining why. Using BuildLoan, you can confidently solve many of the common issues faced by your self build and renovation clients, while enjoying a level of support not available elsewhere, from the UK’s most experienced advisers. Best advice for you. Best advice for your clients • Highly experienced, qualified self build mortgage advisers ready to discuss your enquiry and <strong>guide</strong> you • Unbeatable knowledge and experience in this specialist area and first class support • Exclusive funding solutions for your self build, renovation, conversion, refurbishment, home improvement and property developer clients • Traditional arrears stage payments or unique advance stage payments • Higher lending percentages – up to 85% on land (with OPP) and up to 85% on build costs • Clients able to remain in their own home, while they build • Mortgages can be repayment, interest only, or combination of both • Clients can make overpayments without penalty • Product availability in England, Wales, Scotland & Northern Ireland • Choice of lenders and competitive rates • Range of added-valuable support services including land finding, costings, site insurance and structural warranty • Less work, competitive procuration fee
Cashflow – central to every project, central to best advice Few lenders are experienced in self build mortgages, or aware of the many issues facing clients wishing to build their own home. And, in our experience, sourcing systems don’t ask enough questions – without these questions – it is impossible to be sure the product is best advice. BuildLoan can help you operate efficiently in this market. At BuildLoan, we know that one of the main hurdles self builders face is, quite simply, finding enough money to keep their project running smoothly. There’s no point in having funding agreed, if it isn’t available when it’s needed. Cashflow and a well-managed budget are key to a smooth self build project, so it’s essential to structure your clients’ self build mortgage in line with their cashflow. If cashflow isn’t matched to your clients’ projected expenses at every stage of their project, they may find themselves unable to meet builders invoices, or pay for the materials they need. Either scenario can hinder progress, and in the worst case scenario, builders may leave the project and move onto another job, if they haven’t been paid, or don’t have the materials to work with. These sorts of delays are not only incredibly stressful – they’re expensive too. Whereas for a standard house purchase mortgage, it’s relatively quick and easy to find the best product using a sourcing system, for a self build it’s not enough to rely on this method. That’s because they don’t ask sufficient questions – and without the answers to these questions – it’s impossible to be sure that the product you’re offering is best advice. More and more lenders are directing their self build business exclusively through BuildLoan, because they recognise that this type of client requires additional specialist help on all sorts of issues such as planning, costings and cashflow projections. Here at BuildLoan, our mortgage packages have been carefully designed around the very specific needs of self builders and renovators to ensure adequate funding is available at each stage. We are also uniquely positioned to offer all of the additional support, your clients may require. We offer higher lending percentages (up to 85%) on land and build costs, and a choice of exclusive Traditional or Advance Stage Payment Mortgages. We also offer interest only during your clients’ build – to keep payments low. Our team of experts will thoroughly assess your client’s project and suggest the best product from our panel of lenders. In each individual case, we will produce a specially tailored cashflow that ensures adequate funds are available at each stage of your clients project. A further important difference with BuildLoan is our build monitoring service. We maintain regular and close contact with your client throughout their build project, which means we are able to quickly pick up on any difficulties they may be experiencing and offer assistance. Be sure your recommendation is best advice, and give your clients the solutions they really need, with BuildLoan! // SPECIALIST SELF BUILD AND RENOVATION MORTGAGES 3
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