THE CASH YOU NEED, WHEN IT'S NEEDED

There are many factors to consider when building your own home - none more important than your cashflow.

The lowest rate, minimal fees and the total loan amount may be uppermost in your mind for a house purchase, but when it comes to building your own home, the single most important factor is your cashflow, and ensuring sufficient funds are available at the right time during your build.

The interest rate is less important because interest only payments can be arranged during the build, and you only pay interest on the funds you drawdown at any one stage –keeping your monthly payments affordable. When your build is complete, you can switch onto one of your lender’s lower rate residential mortgages.

With a loan amount of £250,000 your monthly mortgage payments for an interest only self build mortgage would be less than that of a traditional repayment mortgage.

During the Build

4.5% = £937 per month

(interest only during the build)

Build Complete

3% = £1,186 per month

(capital and interest over 25 years)

BuildStore will thoroughly check your build costs and prepare a tailored cashflow for you that forms your payment schedule, so that you know you have the necessary funds available at each stage, and there are no nasty surprises.

BuildStore will prepare a tailored cashflow for you, so that you have the funds to pay for your Oakwrights home before it leaves the factory, as well as sufficient funds at each stage of your build thereafter.