A mortgage for a self build differs from a mortgage as it will be financed in stages against detailed costings and to finalised planning permission. Many people are choosing to build their own home and there are many more options available in the market today.
There are however different ways in which this money can be released and the choice of product will depend on your own particular circumstances. This is why it is important to an expert to discuss your options as early in your project as possible.
Essentially you will borrow a percentage of the end day value and costs of works on the property against Architects certificates at each stage of the build. Once the property is complete you may have the option to switch to a residential mortgage to repay the loan.
Self build mortgages can be very complex and time consuming to arrange but with the experience of a mortgage broker behind you we can manage the process and take the stress out of the process.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
The guidance provided within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
Wooton & Bean is a trading name of Wooton & Bean Financial Solutions Limited.
Wooton & Bean Financial Solutions Limited is an appointed representative of TenetLime Limited, which is authorised and regulated by the Financial Conduct Authority.
TenetLime Limited is entered on the Financial Services Register (www.fca.org.uk/register) under reference 311266.
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