Self Build Mortgages

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Self Build Mortgages

What is a Self Build Mortgage ?

A self build mortgage will allow you to purchase land and finance the self build house.

Once you have decided to self build your dream house you will need to arrange to finance the House build. Self build mortgages have become easier to source over the last few years.

There are two self build mortgage companies that I would recommend. They both provide self build mortgages from a selection of lenders and provide stage payments in advance, which is essential for timber frame self build. Click on the links below for more details of the products that this company provides.

The Accelerator self build mortgage was launched by BuildStore in 1998 to provide self builders and renovators with positive cash flow during their build and since then it has won the 'Your Mortgage Award' for best self build mortgage each time the award was presented.

Until it was launched, all self build mortgages released money at the end of each stage of the build. However, this did not suit those self builders who did not have the cash available to complete the build stage and to raise capital had to rely on expensive short term borrowing or on selling and moving out of their current house.

As well as providing positive cash flow the Accelerator self build mortgage incorporates many other attractive features. The amount which can be borrowed is high at 95% of the cost of the land and 95% of the cost of the build meaning that you can secure your land with a relatively small deposit.

As a result, the Accelerator self build mortgage provides a number of benefits for the self builder:

You can secure your plot without having to release the equity in your own home
Stay in your existing home while building your new one if you want
Buy material and labour when you need them and for the best prices because you have the cash available

Funds for the Accelerator self build mortgage are provided by a number of lenders and there is a variety of mortgage products available (fixed rates, capped rate, discounted, tracker etc) making it likely that there will be a product to suit your requirements.

Richmond Oak Conservatories are traditional designers of hardwood conservatories built from seasoned oak

Glenns Self Build Story. It should be realistic, truthful and humorous so it should give you my image of Self Build.

Self Build plots available in Cornwall Devon Somerset Wiltshire

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Just to show you what self building a house can do for you, take a look at this self build house. This is a large self build timber frame house that was manufactured by Nethan Valley Homes. Click on the picture to enlarge it.