We understand the problems which clients can face in finding finance to build their home. This has become more difficult since the crash of 2008 but lenders are now coming back on the market.
Currently the most popular sources for finance for the self-build market are the Scottish Building Society and the Ecology Building Society. Remember that mortgages may be obtained if you have a guarantor. This can be especially useful for first time builders and the self employed without three years of accounts.
Traditional mortgages can be somewhat inflexible, sometimes requiring numerous valuations thus causing delays to the progress of the project. Care should be taken to avoid this. Bridging loans may help.
When available a modern mortgage such as the Buildstore Accelerator can help overcome these problems. This award-winning self build mortgage is so flexible it can enable you to stay in your own home until the new house is complete.
Up to 95% of the land purchase
Up to 95% of the build costs
Stage payments in advance
Stay in your own home during build
No interim valuations
No Bridging loans needed
Choice of lender
Choice of Competitive Rates including flexible mortgage
April 05, 2017
Free Tickets To The Glasgow Homebuilding and Renovating Show
Come along to Stand B104 to discuss your project with Architects from both HebHomes and Dualchas Architects. Click Here for 2 Free Tickets ...