FINANCE & INSURANCE


• New or upgraded heating systems, including boilers and MVHR


• Roof repairs or replacement of non- structural elements such as tiles, slates, fascias and gutters


• Rewiring, plastering and internal redecoration


• New kitchens and bathrooms • Loft conversions • Insulation upgrades • Solar panels and solar thermal systems


• Removal of internal walls where Building Regulations approval only is required


Projects involving major structural changes or full planning permission may fall outside the Light Renovation criteria, but can still be supported through our major renovation mortgage options, which support projects requiring planning permission.


HOW LIGHT RENOVATION FINANCE WORKS Because Light Renovation mortgages are based on your home’s future value, you can borrow more than with a standard mortgage, helping to fund the renovation work without relying heavily on savings or short-term borrowing. This means: •


Borrowing refl ects the full scope of the renovation


• ashfl ow is available as the proect progresses


Key features include: • Stage payments are released in line with the build


• Flexible payment options, with funds available in advance or in arrears


• Guaranteed stage payments in advance or arrears


• One mortgage that can fund both the purchase or remortgage and the renovation works, all under a single facility


Across the UK, millions of properties require


renovation or retrofi t


DESIGNED TO MAKE RENOVATION SIMPLER As part of the application, you’ll need to provide details of the work you plan to carry out and the associated costs. This helps ensure the funding is matched to the project and released in line with the build.


Because Light Renovation projects


are less complex than major rebuilds, there is a simplifi ed costing process. This means there is less paperwork and a clearer, quicker route to approval, giving you greater confi dence when planning and managing your budget.


SUPPORTING WARMER, MORE EFFICIENT HOMES s energy effi ciency and retrofi t move centre stage, access to the right fi nance will become more important. This type of mortgage is designed to support improvements that make homes warmer and more comfortable, cheaper to run and better suited to modern living. As the UK moves towards a lower- carbon future, upgrading existing homes will be just as important as building new ones. Having access to the right fi nance can be the difference between putting plans on hold and turning them into reality.


Thomas McSherry is national business development manager at BuildStore


26


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68