Self Build Mortgages

Specialist finance to make your dream happen

More Info Below

Building your own home is not for the faint-hearted. Having a specialist and experienced lender on your team is invaluable.

If you are planning to embark on a self-build project, there are usually two routes you can take. The first option is the DIY route where you do most of the work yourself. The second option is employing those who can do all the work on your behalf.

Either way, you will not be able to get a standard mortgage from a bank so you will need to apply for specialist finance. That is where BFS comes in… we offer self-build mortgages to make the dream happen.

A self-build mortgage is a loan taken out on a property which you are building and planning to occupy yourself. The main difference between a self-build mortgage and a regular mortgage is that the funds are released to you in stages as your project progresses – monitored by our Quantity Surveyor. These stages might include buying the land to buying a kitchen – and anything in between.

 

We can finance:

  • A from-scratch build on previously undeveloped land
  • A complete home rebuild, following demolition and a full architectural redesign
  • The construction of a property within the grounds of your existing property (e.g. building an additional house in a large garden)

 

How much does a self-build mortgage cost?

Self-build funding will typically be more expensive than a mortgage but you will borrow funds for 18 months to complete the construction and add considerable equity to your home, rather than up to 25 years on a standard mortgage.

BFS price each case on its own merits and are totally transparent about pricing - we do not hide fees in the small print or provide short-term ‘teaser’ rates. The best way to find out how much a self-build mortgage is to contact our experienced team.

  • No upfront fees
  • No product fees
  • No exit fees
  • No expiry fees
  • No redemption fees
  • No hidden costs

 

Find out more about other uses of our development finance loans

Residential Development Finance >
Property Conversion Finance >
Property Refurbishment Finance >

 

Make it happen

Please contact us and speak to one of our experienced and friendly team to discuss your specific circumstances.

Lending Criteria

Interest rate

From 0.75% pcm

Minimum loan

£25,000

Maximum loan

£2,000,000

Maximum loan to value

70% OMV

Loan term

1 day to 24 months

Upfront fee

None

Product fee

None

Exit fee

None

Expiry fee

None

Redemption fee

None

Hidden costs

None

We are a principal lender which means that we work with our own money and do not need to consult any third parties before completing a transaction.

We have years’ of experience and a proven track record in funding schemes from £25k to £2m. This is why we can make you an offer within hours – and draw funds in days, not weeks.

BFS is regulated by the Financial Conduct Authority (FCA) which demonstrates our reputation as a responsible lender.


Got questions? speak to our team

call us on
0151 639 7554
or start online
Apply Now