BuildLoan works exclusively with brokers and specialises in residential mortgages for self-build, custom build, renovations, conversions and home improvements.
Following the partnership, BuildLoan bespoke, solution-based mortgage products will be available to members of SimplyBiz Mortgages.
Stuart Bryce, national relationship manager at BuildLoan, said: “It’s really important that people building their own home have access to specialist mortgage advice.
“There are so many things to consider and BuildLoan has experts on hand to help brokers and their clients from initial enquiry right through to completion of the build.
“Government initiatives, including the newly announced Help to Build equity loan scheme, all encourage even more people to self and custom build.
“This will create significant opportunities for brokers to advise clients in this sector, so this partnership with SimplyBiz Mortgages is very timely and we look forward to working with the team and the members.”
Makayla Everitt, head of SimplyBiz Mortgages, added: “Finance for self and custom build is significantly different to residential lending and I firmly believe expert advice should always be sought when setting out on that type of project.
“Working with BuildLoan will enable our Members to provide access to a range of financial solutions for borrowers wishing to achieve the building of their dream home.
“With reduced construction in recent years and a push towards different life and housing styles, this growing part of the housing market is something our members are encountering on a more regular basis. “The ability to be able to advise appropriately is a highly valuable tool in the kit bag.”
