Navigating Legal and Financial Aspects of BUC Loans for Under-Construction Properties

Dollarbackmortgage09 Apr, 2024Business

A BUC loan offers a specialised financing solution for properties that are still in the construction phase. Unlike traditional home loans that finance fully completed properties, BUC loans feature a progressive disbursement schedule, otherwise known as the Progressive Payment Scheme (PPS). This presentation will provide a comprehensive guide to understanding BUC properties, including the payment scheme, types of loans available, and important considerations when purchasing a private building under construction.