BuildLoan launches broker platform for custom and self-build finance

BuildLoan has announced the launch of its custom and self-build mortgage platform, Unicus.

The online portal provides brokers with real-time accurate information on specialist mortgage products and access to lenders.

It facilitates mortgage intermediaries’ transactions for their custom and self-build, renovation, and conversion customers, enabling brokers to provide accurate advice on available products.

The platform also gives brokers access to information such as upfront cashflow requirements, stage-payment schedules, and customer application progress trackers, as well as support and guidance on existing and new products.

Training materials (including tutorials and guides), research insights and access to BuildLoan’s team of expert advisers will also be available to brokers.

Other benefits offered by the online portal include:

  • full processing journey from initial enquiry through to lender application and completion
  • dedicated portals for all stakeholders, including internal staff, lenders, brokers, clients, and networks
  • enhanced build monitoring

The platform was developed following research of the intermediary sector conducted by the company, which revealed a dissatisfaction with traditional sourcing systems that don’t cater for specialist complex product offerings tailored to custom and self-build customers.

Julian Foster, chief operating officer at BuildLoan, said: “This type of specialist lending can present significant challenges to clients, brokers and lenders. 

“Unicus is beneficial for everyone involved: the broker, client, lender, networks and mortgage clubs, and our own staff, as it offers a comprehensive portal with full end-to-end visibility, coupled with first class resources and information.”

Alasdair McDonald, head of intermediary mortgages at Furness Building Society, commented: “BuildLoan’s Unicus platform is a major innovation in the way self and custom builders’ finance needs are matched to lenders’ products and criteria. 

“The launch of Unicus comes at a pivotal time for the self- and custom-build sector, which is expected to grow significantly with the backing of various government initiatives, including Help to Build.”

Darren Ditchburn, chief customer officer at Darlington Building Society, added: “Self- and custom- build finance can be seen as complex, and BuildLoan’s Unicus platform is an excellent example of innovation taking place in the sector to simplify the process.  

“This comes at a really important time for self-procured housing, and Darlington Building Society is committed to supporting the growing demand for finance through a range of exclusive products designed in partnership with BuildLoan.”

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