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Self Build

The main difference between a self build mortgage and a normal mortgage is that with a self build mortgage, money is released in stages as the build progresses, rather than as a single amount.

Some lenders will lend you money to purchase land, typically 75% of the purchase price or value, whichever is lowest. After this, the money for the build is released in a series of stages.

During the build you can borrow typically 75% of the cost of the value of the house as the project progresses, depending on the lender.

If you have always wanted to buy that plot of land and build your own dream house, talk to us at The Lending Company for advice and guidance on the best way to proceed.

Call now on 01253 399311.