BuildLoan unveils discounted deals for self-builders

Published on

BuildLoan has cut the rates on a range of self build mortgages,

The variable rate discounted products, funded by the Chorley Building Society, are exclusively available from BuildLoan for intermediaries, for customers in England, Scotland and Wales. All are suitable for self and custom build, renovations, conversions and home improvements.

Providing up to 80% of build costs, the products offer guaranteed stage payments through the build with no valuation required during construction.
Rates start from 3.95% (reduced from 4.64%) and repayments can be interest-only throughout the duration of the build. The range includes fee-free and early repayment charge (ERC) free products.

Chris Martin, BuildLoan’s head of product development and underwriting, said: “A huge number of people in the UK have an appetite to build their own home but are concerned that self-build finance is costly. This revised mortgage range funded by Chorley Building Society demonstrates that financing a self build does not have to be expensive.”

Julie Goodwin, the Chorley’s head of business development, added: “We are continually looking for new ways to improve our product range and support the self procured housing market, in partnership with BuildLoan.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...