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Self Building Mortgage Help
jj03ojo
Posts: 1 Newbie
Hi my husband and I are currently getting a site passed to build a home on. We are about to start looking for mortgages but looking generally Martin only gives information on buying an already built home. Can anyone give suggestions on the best mortgages for self building.
Thanks in advance
Thanks in advance
0
Comments
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I would strongly recommend a broker, one with experience in self builds.
I say that as a broker who has done a self build mortgage and would never touch one again.
I still have nightmares about it.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
As stated by ACG you cannot sort out funding for such a project without a Mortgage Broker.
They are complex cases.
Expect to provide:
Detailed planning
Schedule of works
Costings
Proof of income
Expect to pay a number of fees.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I would strongly recommend a broker, one with experience in self builds.
I say that as a broker who has done a self build mortgage and would never touch one again.
I still have nightmares about it.
This for me too.
Any enquiry I get now for self build I tell clients too google and they will find a company called build store.I am a Mortgage & Protection Broker
MSE doesn't check my status so you have to take my word for it. Any information posted is for discussion only and should not be seen as advice. I am FCA Registered, registration details available on request.0
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