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Self Build Finance |
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Thomas Mitchell Homes have teamed up with BuildStore to bring you information on how to finance the building of your dream home. | ||||||||||||||||
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This award-winning mortgage revolutionised the self build sector. | ||||||||||||||||
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Accelerator offers up to 95% of the land value up front and up to 95% of the build costs in advance of each stage. This is a higher percentage than most of the other self build mortgage providers. | ||||||||||||||||
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The unique payment in advance facility gets over the nightmare cash flow situation which can occur with traditional self build mortgages where payments are in arrears. | ||||||||||||||||
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With a traditional self build mortgage, you have to find large amounts of money to pay for the land and materials in advance of getting funds from the lender. This results in many self builders having to sell their existing homes and either move into rented accommodation, a caravan, or stay with relatives during their build. | ||||||||||||||||
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With Accelerator, payments are made in advance of the major purchases and, with up to 95% of the purchase price released, you 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. You therefore have much more control over whether you stay in your own home during the build! | ||||||||||||||||
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Click for more information on BuildStore's self build finance options. | ||||||||||||||||
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BuildStore also provides Advance - short term bridging finance for self builders who will not require long term borrowing. | ||||||||||||||||
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Key Features of Accelerator
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How To Apply BuildStore's online application provides all the details they need to make an agreement in principle, This tells you, from the information you provide, whether or not the Lender would be prepared to lend. The Lender may carry out an initial credit check to ensure your credit history is acceptable. You can apply online by clicking the link below. Click here for more information. | ||||||||||||||||
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Self Build Finance |
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I would like someone from BuildStore to call me back to discuss finance |
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I would like to apply for a decision in principle online |
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I would like to use the BuildStore online mortgage advisor |
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See a cartoon of how accelerator differs from a traditional self build mortgage here.... |
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