What is the purpose of the self build mortgage Inspections?

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What is the purpose of the self build mortgage Inspections?

The self build mortgage inspections are carried out by the lender at the end of each stage of the project, these inspections are carried out by the lenders valuer to determine how much to funds to release. The inspections will be carried out by qualified professionals appointed by the lender, their purpose will be to compare the progress of the project to the original schedule agreed on commencement. If everything is in order the valuer will sign off that stage and the lender will release funds. The valuer not only looks at completion schdules but will also do costings and cash flow audits. Apart from your lenders inspections, your local authorities will also inspect your site to determine whether work is been carried out according to set standards and regulations.

Self Build Mortgages Frequently Asked Questions

Choosing an Architect project?	What is Planning Permission?
How much deposit is required ?	What are the Stage Payments?
What is the mortgage Inspections?	How does the Lender Minimizes his risk ?
Choosing a Quantity Surveyor ?	What are the budget and costings ?
Choosing a Building Contractor?	What does the Lender Require from me ?

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