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Lidierth Financial helped me get my dream home

BUILDING YOUR DREAM HOME...What's involved?

1: Meet with us to find out how much you can borrow and arrange approval of your mortgage.
2: Armed with your approval you may view sites and select the one which best suits.
3: Pay a ‘Booking Deposit’ to the auctioneer….subject to Full Planning Permission.
4: Appoint your Engineer/Architect to draw up plans, apply for Planning Permission and complete costings for the project.
5: Appoint a solicitor and advise the auctioneer.
6: Supply us with details of the costings and the stage payments breakdown to arrange for formal loan offer.
7: Your solicitor receives a copy of your ‘Letter of Loan Offer’ from the mortgage provider.
8: Receipt of full planning permission should be received within three months of first applying but can vary.
9: Call into us and we will arrange your insurances.
10: On receipt of the full planning permission the site must be paid for. We will arrange release of the funds for this.
11: Construction of your new home can commence after planning conditions have been complied with.
12: The money for the construction will be released in stages as the work progresses. As each stage is reached your Engineer/Architect will issue a ‘stage cert’.
13: This stage cert should be given to us and we will arrange release of the funds without delay.
14: When the house is almost complete and the Final Stage Cert is due, Comprehensive House Insurance needs to be put in place…Just let us know and this will be arranged. A Final valuation will also be required by the mortgage provider at this point.
15: Last of your mortgage funds are released and house is now complete. Congratulations!

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WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY LOANS SECURED ON IT.