Where to borrow money against a self-house build/land half way through

sgonzalez

Hi,

My brother is halfway through a self build and has run out of money and needs to borrow against the land/house in order to finish it. He didn't take out a mortgage to purchase land or start the build so there is a lot of equity in the house (approx £150K) and obviously once finished will be worth a lot more. However when looking online its hard to find somewhere that you can lend against land/self build?

Any advice would be great, would it just be a homeowners loan even though its not finished?

[Deleted User]

did you not google it?heres just one of many sites offering advice on the subject:
http://www.thisismoney.co.uk/self-build

jonesMUFCforever

Try any building society or bank who lend on mortgages.

Put this thread on the mortgage board - you may get better advice there.