We don’t just lend on a plot/land purchase. Any project we support needs to show planning details of the proposed build with an indication of the energy standard you are building to, and how the build costs are expected to be funded with savings and mortgage finance.
Archives: FAQ - Mortgages
Do I still need a deposit for my self-build if I already own the land and have planning permission?
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.
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.
