|
Self build mortgages
Self build mortgages, also known as
advance stage payment mortgages, are another specialist type of mortgage that have seen a surge in popularity over the last decade, thanks to the rising number of people
self building their own home or undertaking a major renovation, extension or conversion project.
Around 15 percent of all homes built in the UK - and 1 in 4 of all new detached houses - are self build, with around 20,000 people each year building or renovating their own homes. This may seem like a lot, but the proportion is much higher in Northern Ireland and in many parts of mainland Europe, so it is fairly likely that this figure will grow in future.
Given that the average self-build project costs around £140,000, it is no surprise that over two-thirds of self-builders need
self build mortgage finance to fund the house building project. The finance for this type of property is not as straightforward as that for a standard house purchase. You'd be advised to look into the availability and suitability of the different mortgage products at the earliest opportunity and arrange borrowing so that you know the money will quickly be available when you find your ideal site.
We are advising you to choose your self build mortgage very carefully,
so we advise looking at the Accelerator Self Build Mortgage.
Accelerator Self Build Mortgage
Speed up your build with the Accelerator Self Build Mortgage!
Building your own home is faster, cheaper and less hassle with the award winning Accelerator Self Build Mortgage. No other mortgage or finance package so precisely meets the needs of self builders and renovators.
You get the funds you need ahead of every stage of the build so you enjoy positive cash flow from start to finish and because you can borrow up to 95% of the costs of land and 95% of the costs of the build you can stay in your own house during the build of your new one. Click
here to find out more
The
key benefits of the Accelerator Self Build Mortgage are
|
Key Features
-
Up to 95% of land
purchase/valuation and Timber Frame Kit or Traditional Build
-
Up to 95% of build costs
-
Stage payments released in
advance
-
Access to all the lender's
products
-
Flexible underwriting
|
Benefits
-
No Bridging required
-
Removes cash flow problems
-
Speeds up building project
-
Ability to remain in existing
home during the self build construction
-
Ability to pay for Timber
Frame Kit in advance of delivery
|
Accelerator
Self Build Mortgage
|
