Following on from successful events last year, BuildLoan is running a series of ‘Right to Build’ Roadshows for mortgage brokers during May and June 2018. These educational days aim to create strong local understanding of both the Right to Build and the routes to market for Custom and Self-builders, ensuring the broker market is able to meet market demands.
The intermediary arm of BuildStore, a leading provider of specialist solutions for homebuilders, BuildLoan is working to create greater understanding of the specialist construction sector.
The Right to Build legislation will dramatically increase the likelihood of mortgage brokers receiving inquiries for Self and Custom Build, with NaCSBA reporting that there are now 33,000 people signed up to the Right to Build registers.
This market needs to be able to fulfil the Government’s ambition to create 30,000 additional custom build homes by 2025. Achieving this objective will come down to availability of specialist mortgage products for customers and local brokers well versed in the opportunity, products available, and how to help these customers.
Raymond Connor, BuildStore Chief Executive said: “The BuildLoan ‘Right to Build’ Roadshows give mortgage brokers an excellent opportunity to increase their knowledge and understanding of all aspects of self and custom build mortgages, so that they can maximise the opportunities in this growing sector.”
“Without brokers, the Government’s housing strategy cannot be delivered. We’re already seeing many more developers entering the sector who want to use local brokers to deliver the mortgages on sites.
“Building on the success of our 2017 roadshows in Swindon, Warrington and Derby, we’re taking to the road this time to educate local brokers in Birmingham, Manchester, Maidstone and Essex. We’ll be providing them with exclusive products, designed specifically to suit the self and custom build market, removing barriers to diversification. Our roadshows this time will have particular emphasis on the importance of cashflow for clients and advance stage payments.”
BuildLoan will be joined at the events by 16 of its lenders, including building societies and development finance and bridging providers. Virgin Money will also be attending as the first mainstream lender to launch a custom build proposition, which it did in 2017 with BuildLoan.
Graeme Wallace, Key Account Manager, Virgin Money said: “Virgin Money is delighted to support BuildLoan with their events in 2018 following our entry into the custom build market last year”
Wednesday May, Village Hotel Solihull
Thursday 3 May, Village Hotel Manchester Bury
Tuesday 12 June, Village Hotel Maidstone
Wednesday 13 June, Essex County Cricket Club
Brokers can register for free at BuildLoan’s website.
It’s great to see BuildStore’s BuildLoan repeating its roadshows. The Custom Build sector represents a significant revenue stream for SME’s, but it is reliant on all the stakeholders understanding what it can deliver, but also what it needs to grow. Education is key for the sector professionals, as much as it is for the public.