Self Build Finance

Learn more about self build finance and how you can get it

Want to build your own home but not sure where to get the funds? Then applying for a self-build mortgage is the best way to secure your future and ensure you have the right amount of funds available.

What is self-build finance?

Similar to a mortgage, self-build finance is when the money is released in stages rather than all at once. This is done so you can start by getting the raw materials, and then as more money is released, you can obtain more materials as the building stage progresses.

Something to bear in mind is that the type of home you’re thinking of building will depend on grow many stages for payment release you will have available.

For those that are building with timber frame, typical stages may be:

1. You initiate the process by purchasing the land
2. Then you focus on the foundations and preliminary costs
3. At this point you need to have the timber frame kit erected
4. Wind and watertight are next
5. Now you need to complete the first fix and plastering
6. Then you will have the second fix to completion

For brick or block:

1. The first step is purchasing the land you want to build on
2. Then you have to think about the preliminary costs and foundations
3. The third step is to focus on the wall plate level
4. Then focus on wind and watertight
5. First fix and plastering are next
6. Lastly, you have the second fix to completion

If you require help getting a self-build mortgage, our team can be on hand to help so get in touch today.