Self Build Mortgages
Financing for your Self Build Project
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 the whole of market to provide this specialist type of mortgage and speak with lenders to clarify any application you make should progress without any complications.
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3 Counties Mortgage Services Limited is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. 3 Counties Mortgage Services limited is registered in England No 04634675, registered address 46-48 Rothesay Road, Luton, Bedfordshire LU1 1QZ
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
Think carefully about securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.