Download intermediary guide - BuildStore
Download intermediary guide - BuildStore Download intermediary guide - BuildStore
Enjoy a level of knowledge and expertise not available elsewhere With BuildLoan, you can feel certain that you are placing your business with a company that is highly experienced in the self build market. As the UK’s experts, we can provide a level of knowledge and expertise not available elsewhere. BuildLoan can handle all of your customer queries and offer genuine solutions – solving all of the most common issues faced by this type of client. What can BuildLoan do for you? Help you find the right mortgage or finance product to suit your client’s project requirements Through BuildLoan, you can tap into exclusive solutions for your self build and renovation clients, from a panel of leading lenders. With such a diverse range of products available, we’ll first provide you with the tools you need to offer best advice. Our specialist advisers will then thoroughly and quickly assess your client’s requirements, and suggest the financial solution best suited to their needs as a self builder or renovator. We’ll also provide you with a report, detailing the reasons why this particular product is best suited to their needs – along with reasons we’ve discounted all others. Support you and your client throughout the project ensuring the process is smooth running, and efficient The experienced BuildLoan broker team are specialists in their field and always happy to help you and your clients. With unbeatable knowledge and unrivalled expertise, our team can advise your clients throughout their self build or renovation journey. This includes issues such as planning, budgets, costings and cashflow – allowing you to concentrate on the mortgage. 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. A unique service • Dedicated broker desk to answer all of your questions, staffed by highly experienced, qualified self build mortgage advisers • Exclusive mortgage products designed to suit the needs of self builders • The tools you need to properly assess your client’s requirements • Cases checked thoroughly and outstanding items chased on your behalf • Preparation of cashflow for your clients’ project • Cases expertly packaged and passed to lender for offer • Liaison with your clients’ solicitor • Site insurance & structural warranty – competitive cover can be arranged • Stage releases managed throughout • Build monitoring – regular contact with your client to ensure smooth and timely progress • Guaranteed alert at the end of your client’s project to allow you to review their ongoing mortgage requirements 6 // SPECIALIST SELF BUILD AND RENOVATION MORTGAGES
Frequently asked questions Answer all of your client’s questions with confidence with BuildLoan. Our expert broker desk is staffed by specialist self build mortgage advisers – ready to help you with all of your client’s questions, and provide you with unbeatable knowledge and exclusive solutions. Can I borrow for land purchase with BuildLoan? Yes, BuildLoan can provide up to 85% on land purchase, with just outline planning permission. This makes buying at auction a possibility and speeds up the process of acquiring a plot, while also reducing the deposit required. Do I need to sell my current home first? No, with BuildLoan it’s possible to stay in your current home as you build your new one – so you can avoid the upheaval and costs of moving to temporary accommodation. I don’t have a large deposit – can you help? BuildLoan offers higher lending percentages on its mortgages so you won’t need to find as much money upfront for your deposit. How can I make sure I have enough cash during my project? How can BuildLoan offer advance stage payments and higher lending percentages? BuildLoan offers unique guaranteed advance stage payments, or traditional mortgages with higher lending percentages , so you can be sure you’ll be in the best possible cash position during your build. It’s also possible to keep your mortgage payments low with an interest only mortgage for the duration of your build. There is a one-off ‘Additional Security Fee’. This fee purchases an indemnity giving the lender the additional protection they require to release more money to you during the build than their standard lending policy would allow. Does this make BuildLoan more expensive? Time is money. A quicker build, coupled with being able to negotiate better cash deals on their labour and materials, and the ability to stay in your current home as you build, means that this fee is usually recouped by the savings made during your build. It’s money well spent for the peace of mind offered and the improved cashflow provided, I need money early on to pay for my timber frame? With BuildLoan you can receive the cash you need to pay for your timber frame when you need it. Can I have an interest only mortgage during my build? Yes, while most lenders won’t allow interest only during your project, BuildLoan is able to offer repayment, interest only, or a combination or both. Can you help with insurance for my project? Yes, you will need to have adequate insurance in place before any lender will release funds to you. I can arrange highly competitive site insurance and a 10 year structural warranty for you through BuildLoan. // SPECIALIST SELF BUILD AND RENOVATION MORTGAGES 7
- Page 1 and 2: Specialist self build and renovatio
- Page 3 and 4: Cashflow - central to every project
- Page 5: Unique scheme, giving you the edge
Enjoy a level of knowledge and<br />
expertise not available elsewhere<br />
With BuildLoan, you can feel certain that you are placing your<br />
business with a company that is highly experienced in the self build<br />
market. As the UK’s experts, we can provide a level of knowledge and<br />
expertise not available elsewhere. BuildLoan can handle all of your<br />
customer queries and offer genuine solutions – solving all of the most<br />
common issues faced by this type of client.<br />
What can BuildLoan<br />
do for you?<br />
Help you find the right mortgage or<br />
finance product to suit your client’s<br />
project requirements<br />
Through BuildLoan, you can tap into exclusive<br />
solutions for your self build and renovation clients,<br />
from a panel of leading lenders.<br />
With such a diverse range of products available,<br />
we’ll first provide you with the tools you need to<br />
offer best advice. Our specialist advisers will then<br />
thoroughly and quickly assess your client’s<br />
requirements, and suggest the financial solution best<br />
suited to their needs as a self builder or renovator.<br />
We’ll also provide you with a report, detailing the<br />
reasons why this particular product is best suited<br />
to their needs – along with reasons we’ve discounted<br />
all others.<br />
Support you and your client throughout<br />
the project ensuring the process is smooth<br />
running, and efficient<br />
The experienced BuildLoan broker team are<br />
specialists in their field and always happy to help<br />
you and your clients.<br />
With unbeatable knowledge and unrivalled expertise,<br />
our team can advise your clients throughout their self<br />
build or renovation journey. This includes issues such<br />
as planning, budgets, costings and cashflow –<br />
allowing you to concentrate on the mortgage.<br />
We maintain regular and close contact with your<br />
client throughout their build project, which means<br />
we are able to quickly pick up on any difficulties<br />
they may be experiencing and offer assistance.<br />
A unique service<br />
• Dedicated broker desk to answer all<br />
of your questions, staffed by highly<br />
experienced, qualified self build<br />
mortgage advisers<br />
• Exclusive mortgage products designed<br />
to suit the needs of self builders<br />
• The tools you need to properly assess<br />
your client’s requirements<br />
• Cases checked thoroughly and<br />
outstanding items chased on<br />
your behalf<br />
• Preparation of cashflow for your<br />
clients’ project<br />
• Cases expertly packaged and passed<br />
to lender for offer<br />
• Liaison with your clients’ solicitor<br />
• Site insurance & structural warranty –<br />
competitive cover can be arranged<br />
• Stage releases managed throughout<br />
• Build monitoring – regular contact<br />
with your client to ensure smooth and<br />
timely progress<br />
• Guaranteed alert at the end of your<br />
client’s project to allow you to review<br />
their ongoing mortgage requirements<br />
6<br />
// SPECIALIST SELF BUILD AND RENOVATION MORTGAGES
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