u/Icy_Lime_7986

I’m hoping to buy land and build (using HelpToBuy, though I think that’s beside the point for this question). Will the bank reassess how much they’re willing to lend at each stage of the build/draw down? For example, if I’ve been approved for $700k when the slab’s laid, could they reduce that at lockup stage if my financial circumstances change?

I’d love to get the loan, get the build started, and leave my awful digital marketing job to do a PhD (the stipend for the PhD will be the same as what I make from marketing but most banks won’t count it, I believe). Will I be stuck in the job for the entire build?