checkyourhud-logocheckyourhud-logocheckyourhud-logocheckyourhud-logo
  • Home
  • About
  • Blog
  • Contact
  • Write for us

What is a Self Build Mortgage?

  • Home
  • Home Improvement
  • What is a Self Build Mortgage?
Four Ways to Beat Stress and Improve your Health When you Run a Business
October 18, 2022
How Technology is Transforming the Film Industry
October 18, 2022
Published by Russell on October 18, 2022
Categories
  • Home Improvement
Tags
Spread the love

If you have decided that your next home is going to be one that you have built yourself, you have a lot to think about – from finding the plot of land that is suitable for you to getting an architect to help you that specialises in building the type of home that you want like this residential architects London based company https://www.rbddesign

Image Credit

Something else however that is one of the most important factors in all of this is how you will finance it. For many people, the answer to this is getting a self-build mortgage. Here is a bit more information on what this is and what it entails…

Image Credit

A self build mortgage is a loan that you take from the bank, much like a normal mortgage. The biggest difference between the two however, is that the mortgage will be given to you in stages rather than in one whole lump sum at the beginning. It is done this way to lessen the risk to the bank if something were to go wrong with the building project.

As you get through the various stages such as the house being watertight then you will be eligible to receive the next part of the loan. There are various types of self-build mortgages, so it is worth looking into this. It is also worth being aware that there is more paperwork to deal with and the self build mortgage process is more complex than getting a standard mortgage so factor this into your decision too.

Share
0

Warning: Trying to access array offset on value of type null in /home/speakyma/public_html/checkyourhud.com/wp-content/themes/betheme/includes/content-single.php on line 286
Russell
Russell

Related posts

March 23, 2023

Living in marvellous Monmouth in Wales


Read more
February 24, 2023

Choosing a Builder for your Extension


Read more
February 18, 2023

How to clean a laminate floor


Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Useful Links

  • Privacy Policy
  • Sitemap
  • RSS

Topics

Beauty Bike Business Cleaning Tips Decor Education Entertainment Fashion Food and Drink Home Improvement Inspiration Internet Job Lifestyle Marketing Mortgage Parenting Readers Choice Real Estate Reviews Shopping Technology Travel Vehicle Well being
Copyrights Reserved By Check Your Hud