Kent Reliance confirms its support for the growing self-build housing market today with the launch of two competitively priced mortgage products available through its partnership with BuildStore.
Kent Reliance, the specialist mortgage lender, will be providing self-build products that reflect the unique requirements of this market. The ‘Stage Payment in Arrears’ product releases proportionate funding on stages of work after they are completed and the ‘Accelerator’ product releases funds in advance of the works being undertaken.
John Eastgate, Sales and Marketing Director, OneSavings Bank plc, said, “As a specialist lender we are keen to help increase the supply of accessible products that can be tailored to meet the needs of self-builders. This requires a unique, flexible and experienced approach to lending and our new range of self-build products reflect the different models of self-building, which will help boost financial support for this sector of the mortgage market.”
Rachel Pyne, Director, BuildStore Mortgage Services, said, “As the Government continues to support the self-build market, demand for self-build finance remains high. With a restricted mortgage market, budding self-builders are increasingly turning to specialists to secure the right type of funding for their project and their circumstances.
“Our new partnership with Kent Reliance is significant as it enables more selfbuilders to access tailored funding solutions for their projects. The availability of the Accelerator, via Kent Reliance, will help increase the possibility to self-build to those who otherwise would not have the cashflow to do it!”