Finance for everyone.

BuildStore Mortgage Services is delighted to be partnering with Custom Build Homes to provide you with a range of borrowing options, including exclusive mortgages designed to fund your custom build home at Callum Park.

BuildStore is the UK’s leading mortgage brokerage specialising in mortgages and finance, designed specifically for homebuilding projects.  We’ve helped more than 30,000 customers successfully fund their projects over the past 25 years, and our knowledge of construction and homebuilding finance is second to none.

BuildStore Mortgage Services offers a range of exclusive mortgages that are suited to custom build homes, and we are the main mortgage provider on most custom build sites that have been brought to market in the UK.

Arrange a FREE, no-obligation call to discuss your funding options at Callum Park.

How it works.

Step 1. Submit Plot Offer

Submit an offer for your desired plot and house type at Callum Park.

Step 2. Financial Qualification

After you make an offer, Custom Build Homes will introduce you to one of BuildStore’s friendly mortgage advisers, who can assess your financial qualifications for the development and assist you in setting your budget.

Step 3. Offer Accepted

Once your offer has been formally accepted, if required, BuildStore will help you arrange your mortgage offer.

Stage Payment Mortgages.

As your new home at Callum Park will be built to meet your own individual style and requirements, payments are made at several stages throughout the build process. This is known as a stage payment mortgage.

There are two types of stage payment mortgage available: valuation-based and cost- based. With a custom build, a cost-based approach is generally more suitable because the stage payments are agreed at mortgage application, tailored to your bespoke home’s cost, and guaranteed.

Funds can either be released before or after each build stage, depending on your payment schedule. With a cost-based mortgage, there are no valuations during the build, simplifying the process and providing certainty for all parties involved, as payments are guaranteed and cannot be impacted by a low point valuation during the construction phase. Cost-based mortgages are exclusively available from BuildStore.

Example payment structure:

Stage 1Purchase of land
Stage 2Frame erected
Stage 3Wind & watertight
Stage 4First fix & plastering
Stage 5Second fix to completion
Stage 1: Purchase of land
Stage 2: Frame erected
Stage 3: Wind & watertight
Stage 4: First fix & plastering
Stage 5: Second fix to completion

Other borrowing options 

A stage payment mortgage isn’t the only way to fund your custom build. There are other borrowing options available that might be more suited to you, which BuildStore can advise on.

If you have enough equity in your current home or own it outright, you could remortgage or secure a bridging loan* to fund your custom build home at Callum Park. Then when your new home is finished, you can sell your existing home to pay off the loan. This way you can stay in your current home during the build and avoid the upheaval of moving, or renting during the build.

It’s important to note that a regulated bridging loan* secured on your main residence has a maximum term of 12 months, this means you must complete your new home and sell your old home in this time to repay the loan.

Request a call.

A team member will arrange a FREE, no-obligation call to discuss your funding options at Callum Park. The call will take approx. 15minutes.

Why use Buildstore?

Borrow up to 95%

With BuildStore, it’s possible to borrow up to 95% of your costs with a maximum of up to 90% of the expected value of your home. These higher percentages make it possible to stay in your current home, while your new home takes shape, meaning you can avoid the upheaval and expense of moving into temporary accommodation.

Interest-only Payments

All BuildStore’s panel of lenders offer interest-only payments during the build, and you only pay interest on funds as they are drawn down, rather than on the full amount.

Seamless journey

When the exciting journey of creating your custom build home at Callum Park is complete, your BuildStore adviser will move you onto one of your lender’s standard mortgage rates.

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee £395.

*Bridging loans are performed by BuildLoan Limited. BuildStore Development Finance is a trading style of BuildLoan Limited

BuildStore Mortgage Services is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.

BuildStore Mortgage Services Limited. Registered Office: 8 Houstoun Interchange Business Park, Livingston, EH54 5DW. Registered in Scotland Number SC448916

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