Welcome to The Hanley Mortgages

HOME » Mortgage Advice » Self-Build Mortgage » Buildstore - Finance

Finance

In association with the Hanley's Mortgage Brokerage Service, BuildStore provides specialised finance packages to help you build your dream home. BuildStore has developed a new concept in self build mortgages which gives you the positive cashflow you need to ensure your project runs smoothly. These specialist mortgages can be used if you are building a house or if you are renovating, converting or improving an existing one.

The BuildStore advanced stage payment mortgage provides up to 85% of the land value up front and up to 85% of the build costs with payments released to you in advance of each stage of the work. This is a higher percentage than most other self build mortgages and the unique payment in advance facility gets over the nightmare cash flow situation which can occur with traditional self build mortgages.

With a traditional self build mortgage, you have to find large amounts of money to pay for a deposit on the land and then you fund the build and materials before you can reclaim the costs from the lender. This results in many self builders having to sell their existing homes and either move into rented accommodation or a caravan, or stay with relatives during their build.

With BuildStore’s advance stage payment mortgage, payments are made in advance of the major costs and with up to 85% of the costs released, your have to find a much lower amount of money from your own resources. This means you are in a much better cash flow situation than if you were using a traditional self build mortgage and therefore have much more control over whether or not to stay in your own home during the build.

Key Features: -

  • Up to 85% of the land purchase

  • Up to 85% of the build costs

  • Stage payments in advance

  • Stay in your own home during build

  • No interim valuations

  • No bridging loans needed

  • Choice of lender

  • Choice of competitive rates, including flexible mortgage

  • Self certification of income available

How To Apply: -

Contact the Hanley Mortgage Brokerage Service free on 0800 542 8790. Alternatively complete our on-line secure Enquiry Form and let us do all the hard work for you.

Minimum Age limit 18

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE