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Self Build Mortgage for a Semi-Detached (terraced) House - Help please?
amyst
Posts: 12 Forumite
Hello,
I currently own an end of terrace house. We have planning permission to build a house in our garden (i.e. to make our existing house a mid terrace and to build a new end terrace). So we already own the land, have split the title deeds and we have the planning permission etc... we are ready to go - except for the mortgage!
We have used "The Build Store" to find us a self build mortgage, but our broker has been struggling due to the fact that apparently not many banks want to lend on a self build which is not going to be detached.
Has anyone else come across this hurdle, and do you have any tips about who we can go next for the lending?
Thank you in anticipation!
I currently own an end of terrace house. We have planning permission to build a house in our garden (i.e. to make our existing house a mid terrace and to build a new end terrace). So we already own the land, have split the title deeds and we have the planning permission etc... we are ready to go - except for the mortgage!
We have used "The Build Store" to find us a self build mortgage, but our broker has been struggling due to the fact that apparently not many banks want to lend on a self build which is not going to be detached.
Has anyone else come across this hurdle, and do you have any tips about who we can go next for the lending?
Thank you in anticipation!
0
Comments
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Where are you geographically?........as some areas are finding lending for SB's more difficult than others0
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Halifax - West Yorkshire.0
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Is this going to be residential or buy to let?0
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Residential - i.e. we will move in to it ourselves after it is built.0
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