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As your self build home will be paid for in stages, rather than borrowing funds using a traditional mortgage, a specialist borrowing option is more suitable.
A stage payment mortgage is designed to fund a range of homebuilding plans. It differs from a traditional mortgage in that the funds are released in stages, rather than as a single amount.
Typical self build stages are:
• Foundations
• Wall plate / frame erected
• Wind & watertight
• First fix & plastering
• Second fix & completion
With BuildStore, the stage payments from your mortgage will be tailored to suit your specific payment schedule, as it’s not just about how much you can borrow, but when that money is available to you throughout the build.