Self-Build
Mortgages
Are you
looking for a Self-Build Mortgage? Find
Today's Leading Self-Build Mortgages. Compare
Self-Build Mortgages to find the right one for you.
A self build
mortgage (or an advance stage payment
mortgage, as it is also known) is a type of home
mortgage loan that enables you to purchase a plot of
land and finance a self build house.
The main difference
between a self build mortgage & a house purchase
mortgage is with a self build mortgage, the money is
released in stages rather than as one big lump sum.
A self build mortgage provider will typically
allow you to borrow 75% of the cost of the value of
the house as the project progresses. However, this
does depend on the chosen lender.
With Self Build Mortgages, the money can be released
either at the beginning or at the end of each stage
of the building. Choosing to have the money released
at the end of each stage once the valuer has
visited, can lead to cash flow problems. Therefore,
the option of having the money released before each
stage has completed is very popular.
There are a number
of companies who offer competitive Self Build
Mortgages. Compare Self Build Mortgages to find the
right one for you. Use our
free Self Build
Mortgage calculator to help compare the
different mortgages.
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