Impartial advice for self-build mortgages
Are you thinking of building your own home? If so you may need to take out a special self-build mortgage to finance it.
These are different to house purchase mortgages as rather than getting the full loan upfront, your lender will release the money in stages. These stages will help with the purchase of the land, the construction, all the way through to the finishing touches. Sometimes a lender may be unwilling to pay the next installment until the previous construction stage has been successfully completed, so detailed financial planning is vital.
We can provide you with the full details of what lenders are prepared to offer and help you to make a fully informed decision so you can get the self-build mortgage that will help you complete your home as smoothly and quickly as possible.
To get a self-build mortgage approved you will need a deposit of at least 30% and many lenders will also expect you to have all planning permissions in place.
For expert, impartial advice that could save you money fill out our mortgage enquiry form or give us a call on 01793 511 944