The first capital payment, which can be up to 50% of the appraisal value of the site where you are going to build.
In this tranche the funds are made available in different stages so that you can cover the building costs as the work progresses. Capital is released each time the architect issues a certificate stating the percentage of work completed and the current value of the property.
End of works tranche
This is the last tranche, representing between 10% and 20% of the loan. The rest of the capital, up to 100% of the amount granted, will be available once the certificate of completion has been issued and the first occupation licence has been obtained.