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    • Bike369
    • By Bike369 3rd Dec 17, 3:25 PM
    • 20Posts
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    Bike369
    Self build advice / finance advice
    • #1
    • 3rd Dec 17, 3:25 PM
    Self build advice / finance advice 3rd Dec 17 at 3:25 PM
    Hi

    Iím considering selling my house and buying an old barn with planning permission. The barn is uninhabitable as there are no utilities etc. and so I guess a self build mortgage will be required.

    Iím currently with Metro and so there will be an early redemption fee as Iím pretty sure my existing mortgage is not portable to this barn (yet to call them).

    Iíve googled self build mortgages but have yet to make contact with any lenders or brokers. Before I do has anybody got any advice please or recommend a lender/broker?

    Thank you
Page 1
    • Bike369
    • By Bike369 3rd Dec 17, 8:23 PM
    • 20 Posts
    • 5 Thanks
    Bike369
    • #2
    • 3rd Dec 17, 8:23 PM
    • #2
    • 3rd Dec 17, 8:23 PM
    Been reading a few other threads,, so now understand I can't receive any recommendations/ in line with MSE t&c's and also what might be good for someone may not be for me... anyway that said, any advice on the self build front please?
    • amnblog
    • By amnblog 3rd Dec 17, 10:36 PM
    • 10,071 Posts
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    amnblog
    • #3
    • 3rd Dec 17, 10:36 PM
    • #3
    • 3rd Dec 17, 10:36 PM
    You will need, detailed planning permission, coatings and a schedule of works.

    Metro won’t lend so you will pay their fee.

    You will borrow to purchase, then can borrow for the development with stage payments. You can borrow against the finished value but expect to have a good amount of cash to put in yourself.

    You need a Broker with experience of self build, most have never done a case.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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