Building your own home is one of the most ambitious things you can take on, and the finance behind it works very differently from a standard mortgage. Getting the right advice from the start makes a significant difference to how smoothly the project runs.

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A self-build mortgage releases funds in stages as your build progresses, rather than as a single lump sum. Payments are structured around key milestones in the construction, which can include land purchase, foundations, wall plate level, wind and watertight, first fix, and final completion. Depending on the product and lender, funds can be released either in advance of each stage or in arrears once that stage is completed. Your adviser will recommend the structure that best suits your project and cash flow.

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Because the finance is staged, you only pay interest on the funds that have been drawn down at any given point, not the full loan amount.

 

Self-build mortgages are a specialist product and not all lenders offer them. Deposit requirements, eligibility criteria, and the construction types accepted vary between lenders. You'll typically need to have at least outline planning permission in place before a lender will consider your application, along with detailed plans, a build programme, and a clear cost breakdown.

 

Once your build is complete, the finance will usually be restructured or replaced by a standard residential mortgage.

We'll work with you from the early stages to understand your project, find the most suitable lender, and manage the mortgage through every stage of the build.