Self Build Mortgages
We are on hand to help you secure the necessary finance to turn your dream self built home into a reality
A self-build can be very daunting. You will have to deal with builders, engineers, architects, the council, and several others who will have a role to play in building the house. We are on hand to assist you in securing the necessary finance to turn your dream home into a reality.
For a self build mortgage along with the standard documentation you will have to provide the following additional documents:
House Plans and Specifications
Grant of Planning Permission
Fixed Price Contract
How much can I borrow?
You can borrow up to 3.5 times your gross income, depending on your circumstances.
For First Time Buyers you can borrow up to 90% of the site cost plus the cost of construction or 90% of the valuation on completion whichever is lower.
Second Time Buyers can borrow up to 80% of the site cost plus the cost of construction or 80% of the valuation on completion, whichever is lower.
You will also have to prove that you can comfortably afford to repay your monthly mortgage repayments.