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SELF
BUILD MORTGAGE PROJECTS
We
have access to a number of lenders on the market, offering a wide
range of mortgage deals, 95% of the loan with advance stage payments,
great for cash flow, also fixed, discount, self certification etc.
mortgages for the “self builder”
It is our job to find the one that fits your needs & want’s.
Remember we are independent and work for you, not the lender.
With a self build project, it is much different to the normal house
purchase scenario, so let’s take a few moments to consider
the following.
Why
Self Build?
To
be proud of, To be comfortable, To create your own home.
To get more for your money - for most self builders this is the
prime motivation with a typical self build being valued at 25% -
30% more than the cost of the land and building costs.
To build in a location of your choice
To have a greater input into the design and materials used - both
the exterior and interior can be designed to suit requirements.
Room sizes can be increased, dimensions altered or layouts varied.
To build a house to suit your lifestyle - with a growing family
a self builder may include extra bathrooms, a study or even a basement
playroom whereas a self builder whose family has left home may decide
to have larger public rooms and fewer bedrooms.
Value
for money by self building
There are three
reasons why self build projects result in a house worth more than
it costs to build:
| 1. |
No developer's
profit - self building means that there is no property developer
involved and the profit that they would take on the new home
is avoided. |
| 2. |
Less stamp
duty to pay - on a self build project, stamp duty is only paid
on the land and then only when the purchase price is over £120,000.
There is no stamp duty payable on the cost of the build and
this can result in a substantial saving to the self builder. |
| 3. |
VAT can
be reclaimed - this is done at the end of a build and is a big
advantage of building a new house rather than extending or renovating
your existing one. VAT can be reclaimed on goods and materials
bought from a VAT registered supplier which are incorporated
into the building or the site. Also when using a VAT registered
contractor, all invoices for labour and material should be zero
rated. |
Who
self builds ?
Butcher, Baker, &
Candle Stick Maker, apart from the Architect, Builder, & Tradesman,
in fact anyone with a dream & determination. The term self builder
is a misnomer, as only a very small percentage carry out the work
themselves most engage professional sub-contractors to carry out
the work, while acting as the project manager.
To make
the first step, click on and complete the enquiry form, we will
contact you for an informal chat.
THINK
CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON
YOUR MORTGAGE
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08432 084519
