Self Build Mortgage

Self Build Mortgages

Our panel of carefully selected Specialist Mortgage Brokers are always here to support and assist you, offering a whole of market service. Who at times have exclusive offers for our clients. 

What is a Self Build Mortgage?

With a Self-Build Mortgage the lender releases money in instalments. These instalments are designed to fund each phase of the construction, so the project is paid for in stages as you go along.

There are two types of self-build mortgages:

• Arrears: The more common option where payments are handed out after each stage of the build is completed. This type of mortgage is better for people who have a lot of cash on hand to help pay for the project.

• Advance: With this option payments are released at the beginning of each stage, making money available when the bills for labour and materials are required. This removes the need for bridging loans or any other short-term borrowing. With this type of mortgage it helps with cashflow and is better for people who have less money on hand to fund their projects. 

Find out how our panel of Specialist Mortgage Brokers can assist to find the right deal for you.