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BuildLoan has launched three self and custom build mortgage products in partnership with Buckinghamshire Building Society.
All of the products in the range provide funds to the client in stages as construction of their property progresses and are designed to remove the main risk to self-builders, a lack of cashflow.
The amount released is based on the cost of each build stage and removes the risk of stage releases being limited by a lender’s valuation.
The products are for loans of up to 85% of the client’s build costs.
This range includes an advance stage payment product that provides funds at the beginning of each stage of work.
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16
th March 2021 9:39 am
Members of PMS Mortgage Club and Sesame Network will now be able to access an exclusive buy-to-let remortgage product, made available from Buckinghamshire Building Society.
The three-year discount is available at up to 75 per cent LTV and has an initial rate of 2.79 per cent.
It charges a £1,195 arrangement fee and can be secured on properties in England and Wales.
Sesame Bankhall Group head of strategic relationships Stephanie Charman says the market is enjoying “record completion levels” currently.
Furthermore, the product “Will also help mortgage brokers to cater for the significant number of buy to let customers who have existing products coming to an end throughout 2021,” she says.
PMS Mortgage Club and Sesame Network have launched an exclusive buy-to-let remortgage product for their members through Buckinghamshire Building Society.