If you're planning to build your own home, you'll need a specialist motgage to cover the cost of the building process.
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Pre-determined stages will be agreed with the lender at application stage but will normally include: purchase of land, foundations in, walls up, roof on, plastered, fully complete.
Whilst payments in arrears will keep the costs lower, some lenders will lend in advance of each stage meaning you put up less of your money throughout the build.
As self build finance tends to be at slightly higher rates, we can ensure a suitable follow-on product is lined up once the building work is complete.
Some things to consider are contingency funds, who will project manage, what timescales you will be looking at, what the plan is for the property post-completion, what planning permission you have, any restrictions on the land, warranty in place post-completion. As this is a complex project, the sooner advice is sought the more likely of getting the outcome you want.
As a growing part of the market, there are more and more lenders launching new products to facilitate the purchase of holiday lets. If you want to start the discussion as to how you might be able to join the holiday let movement yourself, click here.
LEGAL INFORMATION
Latitude Finance Ltd is an Appointed Representative of BrokerSync Ltd, which is authorised and regulated by the Financial Conduct Authority (1031981).
There may be a fee for Mortgage Advice. The precise amount will depend upon your circumstances and will be agreed upon following your initial meeting.
Equity Release, Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. Latitude Finance Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Conveyancing, Wills, and some forms of Buy-to-let Mortgages and Commercial Mortgages are not regulated by the Financial Conduct Authority.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured against it.
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is, therefore, primarily targeted at consumers based in the UK.
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