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.
Think carefully before securing any other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The precise amount will depend on your circumstances and will be agreed with you before proceeding but estimate this to be £249.
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
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