self-build non-status mortgage anywhere?

davidt_3

??? We are trying to find a self-build mortgage. I am self-employed and we would prefer a non-status mortgage as the profits from the business are not great. We take a reasonable salary each month and plough a lot back into stock.

We have very good equity in our present property and would be reducing our mortgage on the new house by at least £20K (depending on final build costs).

Has anyone found a decent broker that can help with this. We had no problem at all in getting a non-status mortgage on our current property, but with self-build all the goalposts seem to have moved! We find this bizarre as our mortgage on the new build will only represent about 40% of its value.

Can anyone point me in the right direction or can either of the brokers advise?

Thanks in anticipation!

Robert_Sterling_3

Could you reduce your stock and use "Just in time delivery"?

davidt_3

Thanks for the suggestion, but because I deal in out-of-print books I need the stock to offer a selection. Unfortunately I have to buy collections when they come up and can't rely on finding the necessary stock as and when I need it.

Robert_Sterling_3

I had assumed you were a self employed builder.

martinhp

try this site. http://www.buildstore.co.uk/finance/

if you need help.. let me know