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BuildLoan Expands Large Loan Mortgage Range with Darlington Building Society

Leading self and custom build mortgage distributor BuildLoan, has launched a new product range with Darlington Building Society, offering mortgages up to £1.5 million.

The products offer clients wanting to build their own home, either independently or on one of a growing number of custom build sites, up to 85% of their project costs.

Loans are available with additional funds released on completion of each stage of work or in advance of the start of each stage.  All BuildLoan products provide guaranteed stage payments during the build linked to the cost of each stage of work, so that clients have the funds they need at each part of the build.   There are no valuations during the build and the pattern of stage releases is agreed at application stage.

The new products offer discounted rates until November 2024 with a 0.5% completion fee.