Mortgages

Introduction

Unless you have just won the lottery or have just had a bonus from working for an international bank in London, you are going to have to take out a mortgage in order to purchase your dream modernisation project. The received wisdom is that by taking out a mortgage which is several times your annual salary, you will leverage your purchase power which will repay you dividends when house prices continue to rise, as all home owners hope they will do. Clearly the flaw is that if house prices fall dramatically, you may be left with negative equity.

For comparisons of mortgage lenders, see the following websites:
www.moneynet.co.uk
www.moneysupermarket.com
www.beatthatquote.com

For mortgages with an ecological bent, check out http://www.ecology.co.uk

Mortgages From Buildstore

For renovation-specific mortgages, pickupaproperty are delighted to recommend a selection of financial services provided by Buildstore, which are especially tailored to the needs of renovators and self-builders, as follows.

Renovation Mortgages

No matter how big or expensive your refurbishment project is, BuildStore will help you find the most appropriate finance solution to suit your needs.

Ideal Home Improvement Mortgage
This mortgage has been created especially for refurbishers and is designed to ensure that your project is as smooth and hassle free as possible. It offers retention free finance. More details


Self Build Mortgages

For most people getting their finance and insurance in order is an important starting point for their self build project. Unless you are in the fortunate position of being cash rich, obtaining a self build mortgage or finance for a self build project has, in the past, been no easy task. The good news, however, is that since 1998 a specific mortgage tailored to the needs of the self builder has been made available. This self build mortgage known as Accelerator, was developed by BuildStore and has totally revolutionised the self build and renovation mortgage market, making the dream a reality for thousands of people. BuildStore is the UK's leading company in self build and renovation finance. In addition to the award winning Accelerator self build mortgage, BuildStore has also developed a number of other exclusive financial products with a range of leading lenders.

Accelerator
It offers up to 95% of the land value up front and up to 95% of the build costs in advance of each build stage. This is a higher percentage than most of the other self build mortgage providers and the unique payment in advance facility gets over the nightmare cash flow situation which can occur with traditional self build mortgages where payments are in arrears. More details

Advance
Advance is a short term bridging finance for self builders and renovators who will not require long term borrowing on their new home. More details

Insurance
Every building project needs insurance cover, but BuildStore's self build site insurance is specifically designed to meet the needs of the self builder or renovator and offers exceptional value for money. More details


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