We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Where to borrow money against a self-house build/land half way through
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?
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?
0
Comments
-
did you not google it?heres just one of many sites offering advice on the subject:
http://www.thisismoney.co.uk/self-build0 -
Try any building society or bank who lend on mortgages.
Put this thread on the mortgage board - you may get better advice there.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards