Self build mortgages

As the name suggests, a self-build mortgage is a home loan take out on a property which you are building yourself.

The biggest difference between self-build mortgages and standard residential mortgages is that the funds are given to you in stages rather than as a single lump sum.

If you are planning to embark on a self-build, you can either opt for the DIY route, where you do most of the work yourself, and use professionals like electricians or plumbers where necessary, or you can manage the process and employ a surveyor, an architect and tradesmen who do all the work on your behalf. Alternatively, you can arrange for a contractor to manage the whole project for you.

Whichever route you choose, you won’t be able to get a standard residential mortgage, so you’ll need to apply for a self-build mortgage.

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