SELF BUILD MORTGAGES
We’ll find the right Self Build Mortgage deal for you.
If you are looking for funding to build your own home, our team of self-build specialists can help you find the right mortgage for you.
What is a Self Build Mortgage?
Self-build mortgages are very different to traditional mortgages. A unique feature of a self-build mortgage compared to other residential mortgages is that a lender will only release funds at set stages during the project build.
Funds are released in stages to match the cashflow required for building your new home. The staged payments will reflect the progress made to the build, and more importantly from the lender’s perspective, the increased value of the lender’s security.
Typically, funds will be released at key stages of the build, as follows:
- Purchase of land
- Completion of the substructure
- Construction to wind and watertight stage
- First fix
- Second fix
- Completion
Interest rates on a self-build mortgage are higher than traditional mortgages, to reflect the higher risk to the lender of the build project incurring cost overruns, being delayed, or at worst, not completing at all.
Self Build Mortgage Advice Tailored to Your Needs
As an independent, whole-of-market mortgage broker, Dolphin Finance has access to the entire property funding market. We work with over 170 different lenders, ranging from small building societies to global financial institutions.
Our specialist self-build mortgage brokers take the time to fully understand all your funding requirements. This allows us to source the most suitable self-build mortgage you need for your project to succeed.
Want to discuss your funding requirements in more detail? Our team of experienced consultants is here to help find the best possible mortgage available to you. Whatever your mortgage needs, contact us today for a free initial consultation.
How Does Our Mortgage Service Work?
Step 1.
Enquire online via our website - you can either call or email us, or arrange a callback at a time convenient for you.
Step 2.
Initial consultation - after a thorough understanding of your needs, we will find the right HMO mortgage for you.
Step 3.
We'll arrange all of the paperwork for you - we will work efficiently and proactively all the way to completion.
Our mortgage team is committed to providing the highest quality advice and service to clients throughout the UK.
Whether you are a first time buyer looking for residential mortgage or you are looking to step up the property ladder or remortgage, our mortgage specialists can help. Our aim is to help our clients find the mortgage that is right for them.