BuildLoan says its Melton Mowbray Building Society advance stage payment self build and renovation mortgage product will be extended to cover projects throughout England and Wales.

BuildLoan is the intermediary arm of BuildStore Financial Services, the self build and renovation financing specialist.

The Melton had partnered with BuildLoan to offer advance self build mortgages, available for projects within a 70-mile radius of Melton Mowbray. Now, the Melton has extended its self build and renovation lending across England and Wales.

Clients can borrow up to 75% of the purchase price of the land or property, and up to 75% of construction costs (subject to a maximum end LTV of 60%), which are released in stages, at the start of each phase of construction.

Martin Reason, The Melton’s chief executive, said: “Entering the self build market has been a successful initiative for the Melton