How it Works
A self build mortgage is designed to fund a range of homebuilding plans, including self and custom build. It differs from a traditional mortgage because the funds are released in stages, rather than as a single amount.
Typical self build stages are:
- Wall plate / frame erected
- Wind and watertight
- First fix and plastering
- Second fix and completion
Unlike a traditional mortgage, your borrowing capacity is based on the value of the new property once complete. With our self build mortgage you can borrow up to 80% of the expected end value.
Speak to BuildStore early on to get a clear understanding of your budget and borrowing options. Their advisers will tailor your mortgage and stage payments to suit your specific build and payment schedule.