The Mortgage Clinic: Best mortgage deals for Self Build mortgages

Want to build your own home but wondering where to start? Arrange a Free Self Build Mortgages Planning Consultation at a Time That Suits You

 Many people have a dream of building their own home, but the task certainly isn’t for the faint hearted. Whether you choose to go DIY and arrange architects and tradesmen yourself or prefer to hire a contractor to manage the project for you, you will still need and want to be in control of the finances.

There are so many things to consider even at the early stages but at The Mortgage Clinic we can certainly step in to take away the confusion and questions around the best mortgage to finance your build. So, before you even start thinking of design contact us to arrange a Free Self Build Mortgages Planning Consultation.

We DO NOT charge a fee for our initial advice!

When building a new home a conventional residential mortgage won’t be enough. You will need a specialist Self Build mortgage, offered by only some lenders. The main difference between the two is that on a conventional mortgage all the monies are released upfront, whereas with a Self Build Mortgage the monies are released in stages. This helps you to budget for your build, ensuring you don’t use all the money up at the beginning.

Self Build Mortgages are often at a higher rate than conventional mortgages due to the additional administration of releasing the money in stages and arranging valuations at each stage. But we will make sure you get the mortgage that is best for your needs, and at the most competitive rate. No need for you to check all the banks and building societies yourself – we can do this for you, all under one roof! Because we work with all the major UK lenders, as well as the local ones, you can be sure of independent advice, best suited to your needs. Not all lenders offer mortgage for Self Build and each has their own lending criteria but our expert knowledge will make sure we find a solution that is matched to your own specific circumstances.

We will review your credit report which is the first hurdle to get through when you’re borrowing money of any description – whether it’s a mortgage, credit card or personal loan.

We will gain a mortgage ‘Agreement in Principle’ for you so you can be sure you can get the mortgage you require.

You will leave the Planning Consultation knowing how much you can borrow, how much it is likely to cost and what documents you need to start gathering together –  ready to buy your dream home!

Click here to book your Free Initial Mortgage Planning Consultation.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Your first meeting is FREE of charge. If you instruct us to work on your behalf there will usually be a research and implementation fee.  The actual amount you pay will depend upon your individual circumstances but a typical fee is £250 and this is payable when you instruct us.