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Financing a Self Build Home

Ever thought about building your own home? Self-build projects have become increasingly more common in the UK over recent years. For many, the dream of not only owning - but building - your own home has become realised as lenders offer mortgages on the 'yet to be built'.

Building your home can be an incredible experience. At the same time, it's important to bear in mind that it can be extremely challenging too. It is a memorable experience that requires hard work and commitment, so finding the right self build mortgage with great service and less hassle is essential.

Financing a self build home works differently from the usual house purchase mortgages or remortgages. Rather than giving all the cash upfront, we will release it in stages as your build progresses. These stages may include buying the land, right up to decorating the interior – and all things in between. To find out more about our flexible self build mortgages, please contact us and we will be happy to answer any queries.

Non standard construction & offsite construction mortgages

We are welcoming applications from self builders who opt for non standard construction methods. Mortgages for prefabricated houses (often known as prefabs) using 'Modern Methods of Construction' (MMC), or for properties that are primarily built offsite, need to be accredited through the Buildoffsite Property Assurance Scheme (BOPAS), which provides us with the assurance that these innovatively constructed properties are sufficiently durable and readily saleable for a minimum of 60 years. (Please note - modern prefab should not be confused with the type of economical housing that was erected in Britain in the 1940s.)

Unlike some other mortgage lenders, we do not make decisions based on an automated computer-based system: each application is assessed individually by our team of mortgage underwriters. We feel this is particularly important for those building their own homes, or considering buying a property constructed using non-standard methods, as the mortgage assessment requires in-depth knowledge and expertise rather than an automated computer based approach which may reject particular applicants because of inflexible rules rather than individual circumstances.

Purchasing or remortgaging a Modern Methods of Construction (MMC) property

We will also lend to people who are purchasing, or remortgaging, a property built using MMC. Individuals in this situation are able to apply for all of our standard mortgages.

Please note that our mortgage products are generally only available to direct applicants in England and Wales and via intermediaries based in, Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire and Hertfordshire. Please check the individual product details for the availability.

From time to time we may offer exclusive products through our brokers. Please contact us for further details.

Click here to view our current self build products

Your home may be repossessed if you do not keep up repayments on your mortgage.