Self Build Mortgages

It’s a dream that many people aspire to; building your own home gives you ultimate control over where you live.  But with ultimate control comes a very complicated major project that you need to be sure you’re in control of from start to finish.

From purchasing land, through architect designs and construction, to final finishing touches; the best mortgage deals for self-build projects normally involves the release of funds as you need them rather than the advance of a lump sum at the start of the project.

By staggering the release of the mortgage funds, you’re using money more efficiently because you avoid having to pay interest on money that you don’t yet need.  Of course, building a house will usually take several months, so it may be wasteful to receive a lump sum long before you needed to pay all your costs.