Builders/Renovators

Building, extending and/or renovating your home is exciting and allows you to have exactly what you want in your home and add value to your asset. You can achieve your own tastes and desires and get more build for your buck, as building can often be cheaper than buying an established home.

If you have held a property for a few years, chances are your property has increased in value. This means you can tap in to this equity by refinancing, releasing cash to build, extend or renovate and to add value to your home.

At Milestone Mortgages we know how important is it to have the right finance. Renovating can be simple and straight forward and often does not require any special permissions, however adding an extension will have different requirements and will fall under the financing category of property improvement which will need a more specialised lending approach as there will be the involvement of councils, certifiers and builders. Whilst adding an extension is normally straight forward, a complete new build can be even more complicated and times consuming and requires a more specialised loan process so that drawdown of funds can be arranged effectively to meet the builder’s time demands.

At Milestone Mortgages, we have a range of lenders we can work with the assist you to get your renovation, extension or build under way. We can offer competitive products with great facilities, ie lines of credit, offset facilities and redraw facility which can help to keep your build, extension or renovating on time and on budget.