Finance
Examples of self-build loans or custom-build loans, with money given in arrears or in advance
Traditional stage payments:
• Up to 85% of the cost of plot
• Up to 85% of the cost of build
• Money in agreed stage payments subject to valuation, in arrears
Advance stage payments:
• Up to 85% of the cost of plot
• Up to 85% of the cost of build
• Money in guaranteed advance stage payments
The interest rate charged varies from lender to lender, – determined by the deposit you have available, the required loan period and the lender’s financial requirements.
Considerations:
• Own funds and assets
• Income
• Outgoings
• Life style expenditure
Lending criteria:
• Lending limits
• Stage payments
