Funds re­leased for self-build projects

Yorkshire Post - Property - - PROPERTY -

Leeds Build­ing So­ci­ety has reen­tered the self-build mar­ket with the launch of a new vari­able mort­gage de­signed to help peo­ple cre­ate their own “Grand De­sign”.

Funds are re­leased in five stages, which are Land Pur­chase, Wall Plate, Roofed In, Plas­tered Out and Com­pleted.

The so­ci­ety will re­lease up to 75 per cent of the value for each, which is ben­e­fi­cial to self-build cus­tomers both in terms of man­ag­ing their out­go­ings and cash-flow. Bor­row­ers only re­pay the amount they have bor­rowed and can ac­cess funds at each stage of the build.

Paul Kaye, gen­eral man­ager at Leeds Build­ing So­ci­ety, says: “It is of­ten very dif­fi­cult to pre­dict and bud­get ex­actly for five stages. The flex­i­bil­ity of our self­build prod­uct means the process is made much eas­ier.

Visit www.leeds­build­ing­so­ci­ or call 08450 540 994.

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