No, you don’t always need a deposit; we can lend based on the value of your land to start the build, providing you already own the land and it’s mortgage-free. Also, if you need us to, we can help you repay any outstanding finance on the land.
Archives: FAQ - Mortgages
What deposit do I need for my self-build?
You need a 20% minimum deposit to buy the land and a further 15% – 20% of total build costs to start your build.
What information do I need to progress a mortgage application?
You’ll need to have a specific plot and build in mind which needs to be supported by detailed plans, including a breakdown of material and labour costs and an indication of the energy standard you are building to.
• What deposit do I need for my self-build?
You need a 20% minimum deposit to buy the land and a further 15% – 20% of total build costs to start your build.
Do I need to provide planning permission for my self-build?
Yes. We need at least outline planning permission to start the application process and detailed planning permission before the mortgage is released.