I'd like to buy land but don't know about financing this?

lounewcastle

I'm very interested in buying some land for grazing use for horses, and I've looked into local prices. To get the three acres I require, I'd be looking at spending around £20k, £25k maximum.

I'm a first time buyer, my partner owns our house (or should I say 'his' house!) and I've discussed it all with him.

I can afford to take out a mortgage for up to £25k, but I need advice on this. Are 'normal' mortgages for residential dwellings only? Would I need a 'special' type of mortgage (i.e. a land mortgage) to buy a plot of land? The likelihood is that I wouldn't buy somewhere with planning permission, as they'd be more expensive and I wouldn't need to build anything anyway.

As this is a little more unusual, I don't know who would be able to give me advice i.e. banks, financial advisers, brokers etc.

Any advice would be much appreciated.

Kind regards


Lou