Advanced Flexible Self Build Mortgage

Mortgage Advice
Advice on residential mortgages is now regulated and Benfield ATT are unable to provide advice or recommendations on mortgages. AFSBM understand Timber Frame self-build mortgages, and you may find the following information provided by them of interest...

Funding available for Self Build / Stage Release Funding, Conversion, Renovation, Home Improvement and Extension Projects.

Traditional Self Build Mortgages release stage payments in arrears. This means that you have to fund the initial stages themselves or arrange bridging finance to cover the costs.

With the ADVANCED FLEXIBLE SELF BUILD MORTGAGE the stage payments can be released in ADVANCE of each stage to help the self builder overcome the cash flow problems that are common during self build projects.

The ADVANCED FLEXIBLE SELF BUILD MORTGAGE scheme can provide funds in ADVANCE to purchase the LAND and BUILD materials.

As fully experienced Mortgage Consultants we access the whole mortgage market to help you find the SELF BUILD mortgage that fits your circumstances, allowing you to get on with the IMPORTANT MATTER OF BUILDING WHILST IN THE KNOWLEDGE THAT THE FUNDS ARE ALREADY ARRANGED.

Typical Stage Releases:

1. Land
2. Foundations
3. Wall Plate / Built to Eaves Height (Prior to roof trusses)
4. Wind and Watertight and Roof Tiled
5. Plastered Out
6. Completion

The key benefits of the Advanced Flexible Self Build Mortgage are

Key Features Up to 95% of Land Purchase / Existing Building / Valuation Up to 95% of Build Costs Up to 95% of end value Stage Release payments can be released in ADVANCE Access to all the Lenders Products including exclusive products Funds on Purchase may be released with Outline Planning Permission Flexible Underwriting

Benefits No bridging required Removes cash flow Speeds up building project Ability to remain in existing home during the self build construction Facility to pay for build costs in ADVANCE of stages.