Despite headlines hinting a recovery in the housing market, the number of homes being built, bought and sold remains far below levels in 2007. In the meantime, self build has become a mainstream way of getting a new home for UK homeowners. Recognising the significant opportunities the self build market has to offer, the Melton has joined forces with self build and renovation specialist BuildStore, to provide mortgages for local people building their own homes.
In partnership with BuildStore, The Melton Mowbray Building Society will provide mortgages for self build, renovation and conversion projects through its award-winning Accelerator scheme, and will lend up to 85% of the cost of the land or building to be developed, and 85% of building or renovation costs. To ensure the project runs more smoothly, money is released in advance of each stage of construction, providing the homebuilder with a handy cashflow, to purchase materials and pay tradesmen.
For more information visit
www.buildstore.co.uk or speak to a selfbuild finance expert at BuildStore on 0845 223 4888
