Self-build mortgages allow you to create the home of your dreams. Don’t worry if that sounds like a lot to take on. Melton Mortgage Solutions advisers will help you find out how much you can borrow, the deposit you need and the right mortgage for you.
Self-build and renovation mortgages are growing in popularity, as more people choose to create and construct their dream homes.
You don’t need a background in building or construction – just the persistence, passion, and money to see your project through.
With a self-build mortgage, funds are generally released in stages as the project progresses, rather than in a lump sum, to ensure you don’t run out of money halfway through.
As a guide, there are often six stages:
Not all self-build mortgages are the same, so it’s important to consider your needs. Here are some things to think about:
To book an appointment please call 01664 494100 or click get started.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed
