Self build advice / finance advice

Bike369 · 3 December 2017 at 4:25PM

Hi

I’m 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.

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

I’ve 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

Bike369 · 3 December 2017 at 9:23PM

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 · 3 December 2017 at 11:36PM

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.

Self build advice / finance advice

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