Secure Finance For Construction Projects With Access To 130+ Lenders
If you can’t find the right home, you might be thinking about how much it will cost to build a new one or renovate the current house. The process of borrowing the money to pay for this project is different from getting a mortgage to move into an existing property. Construction loans are available to finance such events.
A home construction loan is a short-term, higher-interest fund that provides the finance required to build a residential property. Construction loans typically are one year. During this time, the property must be built, and a certificate of occupancy should be issued.
Finspace FAQs
What is a construction loan?
A home construction loan is a short-term, higher-interest fund that provides the finance required to build a residential property.
How do construction loans work?
Construction loans usually have uneven rates with the prime rate. Their rates are typically higher than traditional mortgage loan charges.
What does it cover?
The cost of the site, labour, building material used during construction, and permits.
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possible solutions tailored specifically to you.
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£3,100,000
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Enquiry to Completion in 4 weeks
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£1,200,000
£2,100,000