Frequently asked questions
Your interest rate looks high to me
Our total cost isn’t higher – if you look at the comparison page our total cost is a lot lower than a traditional lender
Why don’t you need to charge these fee’s?
We have over 20 years of experience being builders and developers ourselves we know when a development add’s up. We know how much it costs to build and research on the internet using house sales data and for sale prices allow us to quickly verify your numbers without paying someone else to do it.
What will the level of Build It Finance be in our project?
All projects are different, if you have a low loan to value we won’t need regular meetings, if it’s a higher loan to value we’ll meet once a month to agree and check what’s been done before we release additional funds
I don’t need all the money on day 1, can I draw down in stage payments?
Yes, we have had this problem before, if you don’t need all the money at the start of the project only borrow what you need. This means you aren’t paying interest on money you’re not using. We allow stage payments but ask that they are in multiples of £10,000 and request 5 days notice to make sure it arrives in your account when you need it.
Can you give me other help on my project?
Yes, we have been where you are. We can help you by answering questions and sharing our experience. We will however only lend to people with strong project plan.