Buildstore are ideal for mortgages that are aimed at the sector of building, renovating or converting their existing home.
Buildstore mortgages filled the gap where not many ‘conventional’ lenders wanted to finance self build projects due to the perceived risk of such financing. Build Store enable you to obtain a mortgage at very competitive rates and therefore stop you having to scurry of to your friends or family for a loan or alternatively having to consider taking out a high interest rate personal loan.
Buildstore also offer a mortgage that is tailored to the self builder. BuildStore's Accelerator mortgage is specifically designed for self builds and has really helped the development of the self build and renovation mortgage marketplace by enabling the small and bigger developers to secure backing to finance the project.
Some of the main advantages of a Buildstore Accelerator mortgage are:
- Up to 95% of construction costs
- Up to 95% of the final value of your home
- Up to 95% of land costs
- Money released in advance of each building stage
- Competitive rates of interest for the borrower
- Ability to stay in your home until your new one is complete
We recommend that the best way to find out if a Buildstore Mortgage (or any other mortgage/lender for that matter) is suitable for you is to consult an FSA-qualified mortgage adviser. By filling in our mortgage form you will obtain impartial mortgage advice and a quote, representative of the whole of market, with no strings attached.