You can’t use a standard mortgage to fund your self-build project – nobody will lend you the full amount up-front because there’s nothing to secure the loan on.
There is a vast range of financial products available to you, each with subtle differences that will affect the overall cost of the loan. For example, you some lenders charge relatively high arrangement fees which might not suit your pocket, although on the other hand the interest rates against these loans may be a fraction of a percent lower.
You need to balance affordability with overall costs, and find a mortgage that will release the funds at the stages to suit you.
In fact, what you need is proper advice! We have teamed up with specialists to help you make the right decision – visit the ‘Our Partners’ page for more.
What else should we include in this section? If you have some ideas about more information we can include in this section we’d be delighted to hear from you. We want this web site to be a useful tool for self builders, and to make it happen we need input from self builders, architects, builders, carpenters and other experts in their field.
To let us know, please send an email – visit the contact page for our details.