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SELF BUILD MORTGAGES

An increasing number of people are building houses themselves as an alternative to buying an existing one, as they have the facilities to and it can potentially save them money. There are many benefits to building your own house, as you can personalise it and it will be cheaper than buying a new one. We can provide financial advice to anyone looking for a self-build mortgage in Fleetwood, and introduce them to a wide range of options.

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

WHERE TO BUILD YOUR HOUSE

If you haven’t already, the first thing you should do when planning to build a house is find a good location for it, and get planning permission. A good way to find land is to ask builders and estate agents as they usually have access to the resources to find it, and can give you advice and recommendations as well.

You have the flexibility to choose the area that you would like your house to be located, whether you would prefer to be in the middle of the city or further away, although this could affect your self build mortgage.

YOUR HOUSE DESIGN

If you do not have the necessary skills, you will have to hire an architect to help, to ensure that your house is built in the right way. You will have to produce a design for both the exterior and interior of the house, and you can choose your own features and create the finish of your choosing. Newly built houses are much more energy efficient, so will not use as much heating, saving you costs in the long run.

SELF BUILD MORTGAGE

Once you are ready to build the house and have the plans set in place, you can start to look for a suitable self build mortgage. With expert advisers at our location in Fleetwood, we can provide a tailored advice service allowing you to choose the mortgage suitable for you and your new build house.

In some cases self build mortgages can also be used for conversions and renovations, and with access to competitively low interest rates there is a mortgage scheme fit for most budgets.

Mortgage deals may not be available and lending is subject to individual circumstances and status.

THE HOUSE

Whether you choose to manage your house build yourself or hire a project manager to do it for you, it is important to stick to the financing plan that has been made as it is easy to go over your budget, especially when unexpected expenses occur. One of the drawbacks of building a house yourself is you have to wait for it to be completed and can’t move into it straight away, however it is well worth the wait.

GET IN TOUCH

If you are looking to build a house yourself, you will need to consider all of your finance options. Contact Options Mortgage Centre today to speak to one of our professionals on 01253 294480.