Scroll Down or CLICK HERE for the SELF BUILD Mortgage Enquiry Form
(This form can also be used for RENOVATION & CONVERSION MORTGAGES)

Self Build Projects and Finance
Soaring house prices, have led to an increased demand for self build mortgage finance. A self built home can be worth between 25 and 30% MORE, than the land and building cost once completed.

HOW CAN THIS BE TRUE?

DEVELOPER'S PROFITS - self building means there is generally no property developer involved and these costs go directly to the self builder.

STAMP DUTY - on a self build project stamp duty is only paid on the land and then only when the purchase price is over £60,000 (current as of May 02) this can result in a substantial saving for the self builder.

VAT RECLAIM - this is done at the end of the project. All labour and materials should be ZERO rated providing you use VAT registered contractors. Professional VAT advice can be from The VAT Consultancy.

GO4 independent brokers offer a wide range of specialist mortgage loans for people interested in financing a self build project OR renovations and conversions to existing properties.

How can I get a self build mortgage?
Most High Street lenders will not be interested in helping you obtain a "self build mortgage" and will often reject your application "out-of-hand" because of its non standard nature. GO4 independent brokers however, can advise you on several self build mortgage schemes available from top lending sources at competitive interest rates, tailored for the independent self builder who requires flexible finance.

How much can I borrow?

The traditional image of the self-builder is of someone who has sold their current home to fund the project and then ends up living in a caravan on a muddy building site while the build is in progress.

THIS NO LONGER NEEDS TO BE THE CASE

Go4 mortgage brokers can arrange the self build mortgage to run along side your current mortgage during the build. Allowing you to STAY in your own home while building you new self built home.

• you can borrow up to 95% of the land purchase
• you can borrow up to 95% of the build costs
• payments are released in upfront stage payments in ADVANCE when YOU need them, and there are NO interim valuations required
• if you can't prove your income, that's NO problem either

SELF BUILD MORTGAGE SUMMARY

• NO BRIDGING LOANS REQUIRED - GO4 BROKERS CAN ARRANGE YOUR SELF BUILD MORTGAGE TO RUN ALONGSIDE YOUR CURRENT MORTGAGE

• STAGE PAYMENTS IN ADVANCE - YOU HAVE THE MONEY TO BUY MATERIALS AND PAY FOR LABOUR AS THE COSTS ARE INCURRED, GIVING YOU A POSITIVE CASH FLOW, ALLOWING YOU TO OBTAIN THE BEST VALUE FOR MONEY.

What about tax relief on a self build mortgage?
If your land costs £60,000 or less, you WILL NOT pay any stamp duty and you can reclaim the VAT on your building materials from a VAT registered supplier.

Self Build Secrets to SUCCESS!
The secret to a successful self build project is planning and the same goes for the finance required during the build. Self build finance is NOT difficult to arrange but you should make sure to arrange your borrowing requirements EARLY in your search for land, so that you will know what money is available and whether or not you can remain in your current home during the build.

As long as you receive the correct advice and assistance, obtaining a stage payment self build, renovation or conversion mortgage finance is generally a very straightforward process. 

Go4 independent brokers are experts at finding and arranging the BEST possible deals for our clients depending on their personal circumstances from a wide range of lenders. Use our Online Enquiry Form to receive a NO OBLIGATION illustration of the loan solutions that best suit YOUR needs and circumstances.

THIS FORM REQUIRES ALL FIELDS MARKED BY * MUST BE FILLED OUT CORRECTLY

•  A mortgage broker does most of the work that a direct lender does and therefore receives a discounted "wholesale" rate from the lenders s/he works with.  GO4 independent brokers will not generally cost more than working with a direct lender.

• Where a loan or mortgage (status or non status) is declined by the intended first lender of choice, or when that lender imposes conditions that are judged to be unworkable, GO4 independent brokers repackage the mortgage or loan file and easily submit the loan or mortgage to another lender within a day or two. 

WE CAN ONLY HELP YOU... IF YOU CONTACT US
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The worst we can do, is match the best you've been offered.

Commercial | Residential | Buy To Let | Re-mortgages
NON Status & CCJ | Home Owner Loans | Self Build, Renovation & Conversion Mortgages
Equity Release Mortgage | Right to Buy Mortgage

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CLICK HERE - IF YOU'RE LOOKING 4 A NON STATUS HOME OWNER LOAN

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Whilst every effort has been made to ensure that the facts here are correct, no liability is accepted for any errors contained herein or for any loss resulting from actions taken. 

Unless stated all loan and mortgage products are intended for people living in the United Kingdom. Specifically: UK non status mortgages, UK commercial mortgages, UK buy to let mortgages, UK remortgages, UK residential mortgages, UK self build mortgages and UK home owner loans.