Does Platform allow builders deposits?
Yes. The personal stake the applicant must contribute is at least the minimum percentage as per the products maximum LTV: this is in addition to and regardless of the percentage provided by the builder whenever this is being paid in the transaction i.e. at completion or post completion. The maximum loan amount is calculated based on the agreed purchase price less the total builder deposit and any incentives less a minimum percentage being paid by the applicants based on the products maximum LTV (subject to affordability and scheme parameters Builder deposits secured by way of second charge will not be acceptable. Rental guarantees from builders are not acceptable.
