While all major lenders will offer finance for timber frame properties, we recommend your first point of call when seeking a mortgage should be BuildStore Mortgage Services - the UK's self build and renovation finance experts.
Why? The reason is simple - you will not find a wider selection of mortgages and exclusive deals, as flexible or as well-suited, to the specific finance requirements of your timber frame project anywhere else.
To fund your timber frame project, you will need a stage payment mortgage which releases funds as your build progresses. There are two types of mortgage, defined by when you get money during the build: Traditional arrears stage payments and advanced stage payments. BuildStore can help you assess your cash flow to determine which type is right for your needs, and arrange the right solution for your project.
The Accelerator mortgage from BuildStore is ideally suited to timber frame projects. The key difference is that money is released at the beginning, rather than the end of each build stage AND you get the cash to fund the early stages of your build, including land purchase, frame deposit and the erection of your timber frame project.
With BuildStore Mortgage Services, you will have more money, enhanced cashflow and greater flexibility during your project. For expert advice on financing your timber frame project, simply complete the enquiry form or call 0345 223 4888.
Your home may be repossessed if you do not keep up repayments on your mortgage.
For self and custom build mortgages we charge a fee of £295. £95 is payable on application and £200 on offer. For all other mortgages we charge a fee of £395, which is payable on offer. MAB 7648