Self build mortgages explained
Get the right finance in place to support your bespoke home goals with our quick-fire guide
W hile some are lucky enough to be able to fund a project without borrowing, for most of us, a suitable mortgage is a must. But the high street banks don’t tend to be set up for the unique requirements of a live build that’s changing in value as it gets constructed. Thankfully, specific self build mortgages are available. But how can you access them and improve your chances of being accepted?
What are self build mortgages?
When you start exploring the market, you’ll quickly realise there are two basic types of mortgage for self builders; those that lend you money in arrears (ie after works have progressed on site); and those that give you it upfront and ahead of the works being started.