| If you are interested in building your own house you can finance the project in stages-this is called "staged payments". You may be able to fund the purchase of the site also. Most lenders fund self-build in four stages-wall plate/roof/internal fit and final finish-they would forward 25% of the total cost at each stage subject to survey and legal requirements being met. Some lenders will fund over 3 stages-foundation/roof and final finish with 33% being funded at each stage. |
|
 |
| With self-build you will need a variety of documents for the lender such as: |
|
Copy plans
|
|
Planning approval
|
|
Builder's estimate of costs
|
|
Properly qualified architect or NHBC registered builder
|
|
On site insurance cover
|
Contact us for more information on SELF-BUILD
Your home may be repossessed if you do not keep up repayments on your mortgage. Our typical fee for mortgage advice is £299, although the precise amount will depend upon your own circumstances.
Information and/or advice intended for UK residents only. Non-UK residents please contact us for further information. |
<< BACK |
