Log Cabin Build
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
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.