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 October 2008 

Further reading:

• Beginner's Guide: Introduction
• Beginner's Guide: Step One
• Beginner's Guide: Step Two
• Beginner's Guide: Step Three
• Beginner's Guide : Self Build Schedule
• Beginner's Guide: Tax
• Self Build Finance Made Easy: Mortgages