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Pink HL moves into self-build

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  • 07/10/2002
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Pink Home Loans has joined forces with BuildStore, which provides mortgage products and related serv...

Pink Home Loans has joined forces with BuildStore, which provides mortgage products and related services to the self-build and renovation market.

The addition means that BuildLoan, a mortgage product designed for the self-build sector, is now available through Pink Home Loans. BuildLoan is the only self-build mortgage available to intermediaries that releases money at the start of each stage of the build. Clients can borrow up to 95% of the cost of the land or the property they want to renovate and 95% of the cost of the building work.

Tony Jones, managing director at Pink Home Loans, said: ‘Self-build is a growing area of the market with 20,000 people now building or renovating their own home each year and 25% of all new detached homes being self-built. This niche area offers many opportunities to the intermediary market and Pink is keen to assist by offering a mortgage from a market-leader.’


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