UK Mortgages: Self Build Mortgages

SELF BUILD MORTGAGES

There are now many flexible self build mortgages options on the market. It used to be that traditional self build mortgages released payments in stages, and usually in arrears which means the client has to fund initial costs themselves.

We can arrange self build mortgages and self-build mortgage finance through our specialist lenders to help towards the purchase of land and release funds to you as the property progresses. Options available in the self build mortgages market today:

* Land purchase/valuation and timber frame kit or traditional self build - up to 95%
* Build costs - up to 95%
* Stage payments released in advance
* Progressive funding
* Access to all the lender's products
* Flexible underwriting for self-build finance

The benefits of stage payments requires no bridging loans and removes cash flow problems which are common during self-build projects. Self build mortgages are available that release funds in advance of each stage of the project - from purchase to construction, finishing. The timescale of the self build project is therefore accelerated. Stage payments self build mortgages provide progressive funding thus allowing the client to remain in their existing home during the self build. Of course, the ability to purchase a timber frame kit in advance of delivery is an absolute plus, reducing worry and stress!