Self Build Mortgages|Finance|Loans

If you are thinking of building your own property and more and more people are, you may need a self build mortgage.

Self build mortgages are usually a six stage payment strategy for lenders, although they do vary from lender to lender

Here is a brief description of what a self build mortgage comprises of.

How do self build mortgages work?

The first payment will usually be for the land or plot, this can be from 50% to 85% of the value of the land ( the value is based on what the lender thinks the land is worth).

Many self builders have quite a lot of savings before they start the build usually from a sale of their previous property.

Most lenders release the finance payment at the end of the stage not the beginning.

Before considering any type of mortgage you should sspeak to a financial adviser.

See here for mortgage services and other finacial offers.

Traditional Brick Built Timber Framed
1.Purchase of land 1.Purchase of land
2.Preliminary costs & foundations 2.Preliminary costs & foundations
3.Wall plate level 3.Timber frame kit erected
4.Wind & watertight 4.Wind & watertight
5.First fix & plastering 5.First fix & plastering
6.Second fix to completion 6.Second fix to completion

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