Grand Designs on Self Build Market
14 September 2018
The size of the self build market is set to grow over the coming years with predictions of a 7-10% growth per annum to 2020 (Self Build Housing market Report). With more people aspiring to build their own home and with opportunities opening up with the support of local authorities and the government, lenders are keen to capitalise on this market.
Buckinghamshire Building Society has recently launched self build mortgages with options for advanced payments where funds are released ahead of the build stages.
Tim Vigeon, Head of Lending, “We expect this latest addition to our self build proposition to be popular with customers as advanced payments can give customers greater control over the scheduling of their project, better cash flow management and opportunities to negotiate prices with their suppliers. Tim continues “We are offering two advanced payments products; the overall LTV is 80% but with our Advanced Plus, during the build stages we can release funds up to 85% Loan to Cost.
For full details of credit criteria please contact:
Jill Carpenter, Marketing Department 01494 879513 email: jillcarpenter@bucksbs.co.uk
Buckinghamshire Building Society, High Street, Chalfont St Giles, Bucks, HP8 4QB
We are a member of the Building Societies Association and the Banking Standards Board (BSB). Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registration Number 206022
Visit us at www.bucksbs.co.uk
