If you’re new to self build or looking for a refresher, here are five things you should know about our lending criteria. We make the self build application process as easy as possible, and you can deal with us directly on all cases.
Self build mortgages are not complicated or difficult – in fact, we deal directly with intermediaries all the time, without them needing to go via a packager. We’re the self build experts and can help you every step of the way, so you can help your clients.
We’re happy to consider a range of projects including conversions and renovations, as well as new projects from scratch, so here are five things you should know about our self build lending criteria:
- Build types
Loans are available from project outset or mid-build for a variety of works. Modern methods of construction considered for schemes registered with BOPAS. Lending for new projects, conversions, renovations, knock-down & rebuilds and incomplete self build projects at any stage. - Loan size
Our maximum loan is £500k – but please refer if above this amount. - Stage releases
We don’t operate in set stages but instead offer flexible stage releases (£100 fee per release). - During the build
We can lend on an interest only basis during the build so your clients can keep their funds back for the build costs. In addition to this fee free overpayments are available up to 50% of the original loan amount. - After the build
Upon property completion, the loan can be switched to one of our retention products without penalty.
We will help you every step of the way – click here to access our self build enquiry form. Or for more information on our self build mortgage product click here.
If you’ve got a self build enquiry speak to us:
Andrew Sadler, Senior Business Development Manager
E: bdt@ibs.co.uk
T: 0330 123 1073
W: www.ipswich-intermediaries.co.uk
Don’t forget you can submit your cases to us online by registering with our panel.
*Available to all Right Mortgage Network appointed representatives, plus DA’s based in Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire, Hertfordshire and Buckinghamshire.
Lending criteria correct as at 25 March 2019
