Valuation
23/08/2017
Society Standard
We will lend up to 75% of the land value and build costs with funds being released in arrears of each stage of the build, subject to a maximum of 75% LTV at each inspection
An appropriate interim certificate from an architect, architectural technologist, structural engineer or RICS surveyor (minimum PI cover of £1m is normally required) will be required at each stage. The valuer appointed by the Society will be required to carry out reinspection’s at the following stages of construction (as a minimum):
- Land with full planning permission and building regulations approval
- Foundations
- Wall plate
- Wind and watertight
- Completion