Mortgages for self build are a specialist product and many lenders do not offer them.
However the self build mortgage market has expanded considerably in recent years and so as long as your project is correctly planned and presented, we should have little difficulty in obtaining a mortgage for you.
The major difference between a self build mortgage and a conventional house mortgage is that with the self build version you will receive your mortgage funds in several stages as your house build progresses compared with a single lump sum. Within this overall structure there are a number of variations.
We access the whole mortgage market to help you to find the self build mortgage that best fits your circumstances, allowing you to get on with the important matter of building whilst secure in the knowledge that the funds are already arranged.
We provide the following mortgage services:
- Self Build Funding
- Home Improvements
- Capital Raising
- Stage Release Funding
- Conversion Properties
- Renovation Properties
- Let to Buy
- Buy to Let
- Commercial Lending
- Right to Buy “The overall cost for comparison is 5% APR.” The actual rate available will depend upon circumstances. Ask for a personalised illustration.
The Financial Conduct Authority does not regulate some forms of buy to lets or commercial lending.
The Self Build Mortgage is available for
- Timber Frame Construction
- Traditional Construction
- Conversion, Renovation and Extension Projects
- Other Types of construction, e.g. Beco, Styrostone, SIP, Timber Clad, Eco Build
- As with standard house mortgages, the maximum sum a lender is prepared to advance to you is based on your ability to repay. This is worked out on multiples of the income and affordability of the people who will repay the loan.
There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be a minimum of £395 for general mortgage and £995 for Self Build. e.g. “For a general mortgage of £100,000 our fee would be £395″.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.