Self Build Mortgages
Self Build mortgages are for people who want build their own home and
there is a difference between a self build mortgage and a normal, or house
purchase, mortgage. The difference is that with a self build mortgage,
the money is released in stages as the build progresses rather than as
a single amount.
Finding a self build mortgage can be difficult, as, like all non-standard
mortgages, there are a limited amount of specialist providers who are
willing to lend on a self build project. Also, the lending criteria can
may vary wildly between the different mortgage lenders.
Some lenders may lend you money to purchase land – normally around
75% of the purchase price or value, whichever is lowest. – then
the rest of the money for the build is released in stages. Depending on
the mortgage provider, this may be fixed or flexible but usually there
are five stages of building.
As not all mortgage lenders offer self-build mortgages it is important
to seek independent advice as to which organisation to apply to. This
will ensure that you don’t waste your time applying to the wrong
lender (thereby getting turned down – which will also not help your
credit file) or getting a mortgage with unsatisfactory terms and conditions
and an unnecessarily high interest rate.
Mortgage
Directory |
Mortgages |
| Nationwide |
We are currently the second
largest online mortgage provider in the UK. We are one of the only
major mortgage providers with a full end-to-end online service,
providing a fully credit scored decision for successful applicants. |
|
| First Active |
At First Active, we've taken a fresh
approach to mortgages. We've made them easier to understand, easier
to arrange. No extended tie-ins - just the deal you sign-up for.
Our rates start low and stay competitive. And most importantly,
all our deals are open to everyone, not just new customers. So you
don't have to change mortgage companies every few years to get the
best deal. Our fixed rate mortgages offer great rates and fixed
payments – so you get the best of both worlds. And our discount
mortgages offer you our lowest possible variable rates for a set
period. Simple. Easy to open. Good value. That’s the way mortgages
are meant to be. |
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| West Brom Building Society |
A wide range of mortgage products to
suit different individual needs all of which can be applied for
online. |
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Adverse Credit Mortgages |
| Enable Finance |
Enable Finance specialise in providing
adverse credit re-mortgages to people looking to unlock cash tied
up in their home but have current or previous credit issues including
a poor credit history such as CCJ's & mortgage arrears. We have
a wide range of re-mortgages and can lend to applicants even without
proof of income. |
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Commercial Mortgages |
| B2B Mortgages |
B2B mortgages are specialists in sourcing
Commercial Mortgages for sole traders, partnerships, limited companies
and investors. We search all lenders available for the lowest possible
rates. |
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| Simply Business |
Whatever your financial situation and
need, Decision Finance endeavours to help you secure funding. We
work with the leading providers for each financial product and provide
you relevant, free quotes, most of them instantly. |
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