Two new mortgages for self-builders launched by Buckinghamshire BS.
Two new mortgages have been launched by Buckinghamshire Building Society aimed specifically at borrowers who want to self-build.
The popularity of property TV shows has meant that awareness of the option of self-building your own home has reached an all-time high. However, many borrowers find that their circumstances in today’s economy are not straightforward when compared to borrowers in the past. This has meant difficulty for some in securing a standard mortgage and has led to an increased demand for specialist lending.
Buckinghamshire has responded by introducing these two new products.
The details are:
- 3 year fixed rate at 3.89% for up to 85% LTV
Early repayment charges apply starting at 3% and dropping to 1%, depending on when the early repayment is initiated.
- 3 year discount of 1.5% off 4.99% SVR = 3.49% for up to 85% LTV
Early repayment also applies starting at 1.5%, dropping to 0.5% after the first year.
Like Buckinghamshire, a number of other specialist lenders consider applications from prospective borrowers on a case by case basis. The services Deal Direct offer in both sourcing specialist products from across the UK as well as guiding you through every stage of the application process, could really be an advantage. We do all the hard work, which means that both the search and the application goes as smoothly and quickly as possible.
If the option of self-building your next property is appealing to you, contact Deal direct first and speak with one of our advisers to discuss your mortgage options.
Call us right away on 0800 048 8828.
