Want to build your own home? Whether you are a first time buyer or an old hand at this game Mortgage IQ can help.
It is likely that for your self build project you will need some funding to enable you to build your home. At Mortgage IQ we have access to specialist self build mortgages.
When it comes to a home building project there are so many more issues to be taken into consideration. For example buying and paying for your land, cashflow, build costs, construction type, planning permissio, afforability and where you’ll live during the build can all impact on your finance.
Mortgages for self build differs from residential mortgages as, with a self build mortgage, the money is released in stages as the build progresses, rather than as a single amount and interest is only to be paid on the amount drawn down.
All lenders have different self-build criteria, so its important to speak to an expert who can look at your project individually and find the right finance, both for your project and your personal circumstances.