"Self-build homes and conversions are ever more popular but finding the finance for them is unlikely to become a regular part of what most brokers do"
BuildLoan will provide brokers and their clients with exclusive mortgage products, short term funding solutions and packaging, as well as preferential proc fees when accessing their services through Knowledge Bank.
There are now almost 50,000 different criteria on Knowledge Bank for brokers to search from, across a range of mainstream and specialist mortgages, buy-to-let, second charge loans, equity release and now self-build.
Nicola Firth, CEO of Knowledge Bank, said: “Self-build homes and conversions are ever more popular but finding the finance for them is unlikely to become a regular part of what most brokers do, rather it is something a broker may be faced with once every few months at most.
"BuildLoan is the leading master broker in this area providing a plethora of help and support to brokers as well as giving them access to the widest range of mortgages. Our aim at Knowledge Bank is to provide brokers with access to lenders’ criteria across every mortgage type.
"Our partnership with BuildLoan has meant that we can do that comprehensively for self-build, custom built, development loans and renovation finance, so when brokers do have clients that need this, we can help them to find the solution best for their client.”
Rachel Pyne, group operations director at BuildLoan, added: “Brokers have been crying out for a system like Knowledge Bank. It is a hugely impressive system that will make a very positive difference to the way that brokers search for and source mortgages, making it both quicker and easier to find the information that they need.
“Knowledge Bank extends the support we already provide to brokers and gives easier access to BuildLoan’s expertise and our helpdesk. When advising a client on an area of the market that you don’t work in frequently it can be hard to know where to start so this partnership is all about supporting brokers and helping them to know where to place business such as self-build, renovations, rebuilds and conversions. Knowledge Bank is something this market really needs and it made perfect sense for us to form this partnership to make life easier both for brokers and their clients.”
