BuildLoan reverts back to pre-Covid income criteria

BuildLoan reverts back to pre-Covid income criteria

Self and custom build specialist BuildLoan and Chorley Building Society have agreed a revised lending policy with a return to a pre-Covid approach to non-guaranteed income for employed applicants.

The mutual lender’s self and custom build products are available exclusively through BuildLoan.

The changes mean that up to 100% of average bonuses, overtime or commission can be taken into account where the payments have been consistently received.BuildLoan offers a range of products funded by the Society, providing loans of up to £1m and up to 85% of clients’ project costs.All BuildLoan products offer stage releases as the client’s build progresses, with […]

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