Self Build Mortgages in Crossgate, Lincolnshire

Do you own a piece of land in Crossgate that you want to build a property on? A self build mortgage may be just what you are looking for.

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A self build mortgage is a type of mortgage specially tailored for borrowers wishing to build their own home. The main difference between a self build mortgage and a standard mortgage is that, with a self build mortgage, funds are released in stages instead of in one lump sum. A self build mortgage will generally release funds at the major stages of your construction project, these stages are normally:

• When conveyancing of the land on which you plan to build your home is carried out
• When the foundations of your home are in place with mains services connected
• When the new property is wind and watertight
• When the property is complete and ready to be occupied

The mortgage lender who provides your self build mortgage will normally wish to send valuers to inspect the property at each of the stages listed above before they will release the next stage of funding to you.

Crossgate Self Build Mortgage

If you live in the Crossgate or surrounding areas of Lincolnshire, and you wish to find out more about self build mortgages, contact a local Crossgate independent financial adviser, who can not only offer you sound mortgage advice, but can use his local knowledge to source a suitable self build mortgage to suit your circumstances.

 CLICK HERE >> Complete our self build mortgage form to receive a low cost quote from an adviser in the Crossgate area.

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