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Self Build Mortgage Quotes & Advice

Self build mortgages are quite specialist and much will be dependent on the type of development and funds required for each stage of the process. Our online mortgage quote system doesn't support a search for self build mortgages at this time however we will be happy to search the market for you and produce suitable illustrations.

Simply follow the links below to get free quotes from one of our qualified mortgage advisors. We will contact you to discuss the development and search from the whole market to find suitable products for you.

Request adviceRequest Whole of Market Mortgage Advice

Self Build Mortgages Explained

Self build mortgages are designed for those wishing to build their own property but who do not have funds for the full development up front. They are typically agreed for the funds to be released in stages throughout the completion of the building work.

Various key points in the completion of the construction will be agreed for funds to be released on and inspections will be made to ensure that the work has been completed to allow release of the next stages funds. For this reason it is important that anyone undertaking a self build project should have made adequate costings for all stages of the construction project and crucially allowed a margin for error as unexpected costs almost always arise.

Self build mortgage lenders will usually require a significant deposit as the risk to the lender that a project is not completed is quite significant.

Lenders operating in self build mortgages may want work to be carried out by a qualified professional in the industry and for typical construction quality guarantees to be in place so if you are planning to build the property yourself without relevant experience and skills it may be difficult to arrange finance.

Self build mortgages can however provide significant savings over buying a home from the open market in most cases and can provide a very cost effective way of buying a home for those with the tenacity and experience to do so.

Pros and Cons of Self Build Mortgages

Pros:

  • very affordable housing opportunities
  • removes the need to have cash up front for all development costs
  • staged release of funds helps to control costs and process

Cons:

  • risk of not completing project
  • risk of shortfall to complete a construction stage
  • specialist knowledge or experience may be required

We treat all the information provided by you with the utmost care and security. Any details you give will remain confidential and will only be disclosed at or with your consent, where we are legally obliged to do so or where we have a duty to the public to disclose that information.

The information collected by us will be used for the purposes of processing and to communicate to you information about other products and services. We will discuss your needs and circumstances and produce free illustrations for any suitable products.

If you do not consent to your details being used in this way please email mail@rightmortgageadvice.co.uk

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. You do not have to pay a fee for our services as we receive commission from lenders. If you prefer you can pay 1% fee on completion and we will pay any commission we receive to you. Some buy to let and commercial loans are not regulated by the Financial Services Authority.

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Rightmortgageadvice.co.uk is an Appointed Representative of Julian Harris Mortgages Ltd, authorised and regulated by the Financial Services Authority. FSA No 304155