Self Build Mortgages
Building your dreams and aspirations
In recent years, many people are turning to the option of building their own property as a viable alternative to buying a ready-made house. There is no denying the attraction of building a house in the location of your choice, having an input into the design and seeing your dream become reality in bricks and mortar. Additionally, a saving of up to 30% can usually be achieved by self-building as opposed to buying a new property from a developer.
However, the thought of financing the project can often deter people, but here at Signature, we can help. Obtaining a Self Build Mortgage need not be difficult with some lenders allowing you to borrow up to 95% of land value and 95% of build costs. Cash flow also need not be a problem as payments can often be arranged to meet build costs at appropriate stages of the self-build development. Additionally, it is often possible to remain in your existing property until your new house is built, therefore saving money on rent and moving costs.