Self Build Mortgages
Build your dream home with a self-built mortgage
When you’re looking around to buy a new house, you may feel that nothing is quite hitting the mark. Whilst you may like some features in certain homes, you shouldn’t have to compromise when settling for your dream home. When this happens, many people choose to build their own home, and this is possible when you obtain a self-build mortgage.
Quite simply, a self-build mortgage is much like a standard mortgage; only the money is released in stages. By doing it this way, you can get paid the money in instalments so you can tackle each stage of the build more methodically and practically.
Depending on the type of build you’re choosing will depend on the amount of stages the money is released. To give you an idea for a brick/block build, the stages could look like:
- Purchase the land you want to build on
- Think about the preliminary costs and foundations
- Focus on the wall plate level
- Move your focus to wind and watertight
- First fix and plastering
- Lastly, you have the second fix to completion
To see how our team can use their expert mortgage experience to help you find the right option, get in touch today.
