Does anybody know if the governments latest scheme will be relevant to self build mortgages? I don’t seem to be able to get any information anywhere in regards to this issue in relation to the self build mortgage sector!

Thanks!

Comments
  • Anonymous

    Hi Antony
    The intention – and what I’m hearing – is that it will. Expect details in the coming weeks.

  • Liz Weatherill

    Hi, is there any progress yet on Help to Buy for self build?

    Thank you.

  • Lindsey Davis

    Hi Liz,

    No specific news on Help to Buy for self build yet, but it is worth noting that certain mortgage providers who offer self-build mortgages are offering mortgages up to 90%. (Ecology for one http://www.homebuilding.co.uk/advice/beginners/finance/current-mortgage-rates)

    This isn’t much lower than the Help to Buy 95% and means your monthly repayments would be lower.

    Lindsey

  • Liz Weatherill

    Thank you Lindsey,

    I wondered if it was worth lobbying the government. It doesn’t seem fair that help to buy is available for other buyers.

    Do you have any suggestions? I know you came up with the Ecology, but their mortgages are quite restrictive.

    Thank you Liz

  • Lindsey Davis

    Hi Liz,

    A few of the other providers on the table in the link I posted will let you borrow quite a lot for self build. However, Ecology is the highest. Most offer 75/80%.

    Lindsey

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