Buildloan self-build mortgages booming
www.moneynews.co.uk > Mortgages > Buildloan self-build mortgages booming
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Money News |
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Buildloan self-build mortgages booming
Tue 17th Jan 2006
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The Buildloan self-build mortgage allows customers to borrow up to 95 per cent of land and build costs.
Furthermore, customers will receive the money in stage payments, meaning they will be able to pay for labour and material costs as necessary.
John Hay, head of product development at Buildloan, said that the fact that lender had been added to "all the major intermediary mortgage panels" as a specialist self-build provider had helped boost sales.
The total value of the Buildloan self-build and renovations mortgages was £334 million, reports Mortgage Introducer.
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