You may be in a position to finance your build from your own funds, however self build mortgages are increasingly available.
Finding a self build mortgage is less straightforward than a mainstream mortgage mainly because there are fewer lenders. However there are a number of mortgage providers specialising in the area.
Once you find a lender, they will normally allow you to borrow a percentage of the projected value of the final build. This is typically up to 75% of the build cost. The loan is usually paid to you in arrears and released to you in stages. The stages generally correspond to stages in the build e.g. foundations, wind & water tight, first fix etc.
Excel Scotland does not provide financial advice but as part of our service we can put you in contact with independent mortgage brokers who specialise in sourcing self build mortgages. Currently, Birmingham Solutions and the Scottish Building Society are the two main lenders for self build mortgages.
Celebrate with us
We’re in the mood to celebrate… and it has nothing to do with Valentine’s Day! This year, we’re extending our services into Aberdeenshire. So if you’re looking to self
Hard to believe that we’re into month two of 2019 until we look at what’s been happening at Excel Scotland already this year; our first handover, new Elgin offices on the
What Our Clients Say
We have our dream house – built on time and on budget.Malcolm & Connie Middleton – Kerrigan.
All the help and guidance from this family business made the process feel personal and stress freeDavid & Irene – Fortriu
The attention to detail and quality of their work is second to noneDavid & Gail – The Boat House