Mortgages for Self Build
A self-build mortgage is a specialist type of mortgage specifically designed for the needs of a self-build project. Money is drawn down in a series of stages rather than as a whole. Usually, the first stage is on completion of the purchase of the building plot.
Subsequent stages such as foundations, wallplate, weathertight, and first fix etc, will trigger the release of further funds. Structuring the mortgage in this way will mean you only pay interest on the funds which have been released which in turn will keep your early payments down as much as possible.
A good mortgage adviser will be able to access a range of lenders who can provide this specialist type of mortgage and speak with lenders to clarify any application you make should progress without any complications.
Moving on UP is a trading style of Ian Straw who is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority
The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
*Some of these products are not regulated by the Financial Conduct Authority