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    • Devon_Sailor
    • By Devon_Sailor 30th Oct 18, 2:57 PM
    • 302Posts
    • 613Thanks
    Devon_Sailor
    Re-mortgage o/c of a self-build project: any recommendations?
    • #1
    • 30th Oct 18, 2:57 PM
    Re-mortgage o/c of a self-build project: any recommendations? 30th Oct 18 at 2:57 PM
    Hello all,

    Pretty self explanatory title - should be completing a self-build project (barn conversion) within the next 5 months. Bridging/secured loan taken out to fund it. Weighing up options on completion ref. lenders to see if it is worth re-mortgaging to pay off that loan in a lump and taking advantage of better rate/longer lending period?

    Has anyone got any recommendations for lenders outside of the normal high street mortgage brokers? Or similar success stories/nightmares?

    If it helps:
    Total build cost c.329,000
    Est value on completion 480,000-520,000
    Secured loan of 300,000 currently repayable over 25yrs at c.1600pm.

    Ideally Id like to bundle up all the build costs and try and get a bit of additional money to help put in final fixtures and fittings.


    Regards
    D_S
Page 1
    • timea
    • By timea 14th Jan 20, 9:15 PM
    • 13 Posts
    • 0 Thanks
    timea
    • #2
    • 14th Jan 20, 9:15 PM
    • #2
    • 14th Jan 20, 9:15 PM
    Hi ,

    Can you please help me with an advice . I am looking to secure a loan for my self build project. I got the land and planning permission but it is very hard to find a lender for the money . Do you got any idea why ? Can you advise me which company you used for your loan .
    Thank you
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