Financing your build

Funding your project may require a specialist self-build mortgage…

There are two significant costs when building your own home: the building plot and the build itself. There are also a few additional costs that you’ll need to factor in — see the box on the bottom right of this page. FUNDING YOUR BUILD You’ll need access to money to buy a building plot, to pay for professional services such as architectural designers’ fees and any site surveys required, and to fund the build itself. How you find this money will, of course, depend on your financial situation. It may come from your savings, equity in your existing home, a self-build mortgage or, most likely, a combination of all three. Surprisingly few high street banks provide formal facilities for self-build finance, so you’ll probably need to approach a specialist self-build mortgage provider, who…

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Homebuilding & Renovating (Digital) - 1 Issue, March 2022

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