Let loose your creative side and take out a Self Build Mortgage for your property construction plans. Used to subsidise the cost of a personal construction project, Self Build Mortgages are gradually released whilst the development is on-going rather than in one lump sum. Given in arrears, the mortgage is graduated according to the completion of particular stages including the initial purchase of the plot.
As ever, having sufficient savings vastly enhances your eligibility for a Self Build Mortgage. By ensuring that the first stages of your project are fully funded, these cash reserves mean lenders are more likely to invest in your development. If you don’t fit into this bracket though, don’t lose hope just yet. Whatever your circumstances may be, our free consultation with no obligations allows you to benefit from specialist mortgage advice to find a solution tailored to your circumstances. Just call us today on 01782 617600 for more information.