Self Build Mortgages
Self Build Mortgages tailored for your dream home project. Expert advice, staged payments, and whole-of-market access.
Self Build Mortgages Advice
Creating your dream home from the ground up is an exciting journey, but it requires a mortgage solution tailored to the unique demands of self-build projects. Self build mortgages are structured differently from traditional house purchase mortgages, offering flexibility to meet the specific needs of your construction plans.
At Bradgate Financial Solutions, we specialise in providing up-to-date self-build mortgage expertise. Whether you’re a first-time builder or an experienced developer, our whole-of-market access ensures we find the best mortgage deal for your circumstances, helping to make your build as stress-free as possible.
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How Do Self Build Mortgages Work?
Unlike traditional mortgages, self-build mortgages release funds in stages as your build progresses. Lenders typically offer a percentage loan-to-value (LTV) based on the estimated value of the completed property.
Funds are released at key construction milestones, which can be spread over six stages. These payments may be made in arrears, at the end of each stage, or in advance, at the start of each stage. Site valuations are conducted by the lender to assess progress and ensure funds are released accordingly.
The type of property you’re building also influences the mortgage structure. Whether you’re constructing a traditional brick and block house, a timber frame home, or undertaking a renovation or conversion, we’ll guide you through the process and ensure you understand the specific terms for your project.
Key Stages of Self Build Mortgage Releases
While the release stages may vary by lender, they typically align with the following construction milestones:
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Purchase of land.
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Preliminary costs and foundation work.
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Construction to wall plate level.
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Achieving a wind and watertight structure.
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First fix and plastering.
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Second fix and completion.
Bradgate Financial Solutions
Why Choose Bradgate Financial Solutions?
At Bradgate Financial Solutions, we understand the complexities of self-build projects and provide tailored advice to simplify the mortgage process. Our dedicated team works closely with you to assess your plans, navigate lender requirements, and secure the most competitive deal.
From determining the right loan-to-value ratio to managing the release of funds at each build stage, we’re with you every step of the way. By handling the details, we allow you to focus on turning your vision into reality.
Our Other Mortgage Solutions
- First Time Buyer Mortgages: Ideal for those entering the property market for the first time.
- Home Mover and Purchase Mortgages: Designed for those moving to their next property, these mortgages streamline the process of buying a new home.
- Right to Buy Mortgages: Ideal for council tenants looking to purchase their homes under the Right to Buy scheme.
- Remortgages: Helping you switch to a better rate, release equity, or consolidate debts.
- Self-Employed Mortgages: Tailored options for business owners and freelancers with varying income streams.
- Adverse Credit Mortgages: Solutions for individuals with poor credit history to secure a mortgage.
- Buy to Let Mortgages: Designed for property investors looking to rent out residential properties.
- Portfolio Mortgages: Simplifies financing for landlords managing multiple rental properties.
Our extensive range of services ensures that no matter your needs, we have the expertise to assist.
Common Questions About Self Build Mortgages
How much deposit is required for a self build mortgage?
Can I secure a mortgage for land purchase only?
How are funds released during the build?
Does the type of property affect the mortgage?
Can I remortgage once the build is complete?
At Bradgate FS we aim to make choosing and applying for a mortgage, protection, loan or insurance as stress-free as possible.
Realise your vision with a self build mortgage tailored to your needs. Contact Bradgate Financial Solutions today for expert advice and step-by-step support in making your dream home a reality.