Furness Building Society has strengthened its partnership with BuildLoan by providing a solution for self-builders who are looking for an Advance Stage Payment mortgage.

Whilst Furness and BuildLoan have enjoyed a strong relationship for a number of years, this latest development will offer greater choice to intermediaries looking to help their clients, especially where managing cashflow during their self-build project is particularly important to them. Furness has also taken the opportunity to enhance its lending criteria and product features as part of this launch.

Euan Ballantyne, Head of Products at Furness said “We believe our products are competitively priced and have no doubt that, by working together with BuildLoan, we can provide intermediaries with an exclusive mortgage solution designed specifically for clients who are building their own home, or converting/renovating an existing property.  We have seven years’ experience in this specialist market and believe that by offering Advanced Stage Payments we can help self-builders with their cash flow, thereby making the homebuilding process quicker and easier for them.

Rachel Pyne, BuildLoan Operations Director told us “We are delighted that Furness has developed an Advance Stage Payment Product which will provide an even greater level of support to mortgage intermediaries and their clients.  Having worked with Furness for a number of years, we look forward to increased lending through this new product.   It’s great to have another lender on board offering Advance Stage Payments alongside the traditional Arrears Stage Payment mortgages.

The Furness Building Society Advanced Stage Payment mortgage is now available exclusively through BuildLoan