Beginner's Guide - Finance
Providing you have a regular income and a good credit history, you should have no difficulty in obtaining a loan to build your own home or to undertake a renovation or conversion project.
For details of lenders that offer specialist mortgages for homebuilding projects, see the table below. For full details of mort gage stage payments, and terms and conditions, contact the lenders direct. In addition, you should also consider approaching your existing mortgage provider as they may be able to provide funding under unconven tional arrangements. Some lenders may also consider a commercial arrange ment, which is likely to be at a higher interest rate than personal equivalents.
Specialist renovation finance is available which may offer additional payments, in stages, in advance of work being carried out on properties. BuildStore (www.buildstore.co.uk) is a useful starting point for this type of finance.
Download the pdf below for a full guide to Stage Payment Mortgages for Self Builders*
*all information correct as of July 2009
Further reading:
- Get tips and advice from other self-builders and renovators in the Homebuilding Discussion Forum
- Find further advice on how to fund your self-build in the self-build finance section
Back to Beginners Guide Homepage
- Issue date:
- August 2008
Useful links
- ASBA National Network of Local Architects
- BuildStore
- DMS Self-build
- First Commercial Insurance Brokers
- LABC (LABC New Home Warranty)
- NHBC (National Housebuilding Council)
- Premier Guarantee
- Project Builder
- Self-Build Zone
- The Chartered Institute of Architectural Technologists (CIAT)
- Zurich (Building Guarantee)
| Attachment | (click to download) |
|---|---|
| Self Build Mortgage Guide September 2009.pdf |
Post new comment
|
Subscribe today to receive great savings on Homebuilding & Renovating magazine Sign up today it's FREE to become a member of the Homebuilding.co.uk website and benefit from access to forums, commenting, member groups and blogs Click here to receive the FREE Homebuilding.co.uk newsletter |








Centaur Special Interest Media, Ascent Publishing Ltd, 2 Sugar Brook Court, Aston Road, Bromsgrove, Worcestershire, B60 3EX. Tel: 01527 834400