Self Build Mortgages - LDN Finance

Self Build Mortgages

If you’re looking to purchase a self-build home, or alter an existing property or land for a new self-build property, then you’ll need the right mortgage in place – a conventional residential mortgage won’t be right for purpose. Our mortgage advisers fully understand the complexities of building your own home and can help arrange the right self-build mortgage to start you off on your journey.

Self Build Mortgages

Bespoke residential self-build mortgages are the ideal fit for your project and financial circumstances, helping you build your dream home.

Self-build homes are now more popular than ever. As well as being cost-effective in some cases, having the ability to design and build a home to your specification is desirable for many.

When self-building your own home, having the right finance in place from the start is key. Self-build mortgages differ from conventional residential mortgages as funding is released in stages throughout the project until completion. Self-build mortgages also have different affordability calculations and deposit requirements, meaning it is vital to ensure you know your budget before you commit.

With an unrivalled panel of lenders, we act as your partner in property finance – providing a personal service to ensure you are in control and confident throughout every stage of your self-build journey.

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our values

How we work

01

Service

Service excellence is at the heart of our business. We are renowned for our highly personal and bespoke approach to securing property finance for our clients, ensuring you feel in control and confident throughout your investment journey.

02

Expertise

We thrive in complex, challenging scenarios and work creatively in our negotiations with our trusted network of mainstream, private and specialist lenders to ensure we always secure the best possible outcome for your circumstances.

03

Relationships

We mean it when we say we see you as a valued partner. Our relationship with you is important to us and our team will continue to serve as your personal property adviser long after your first deal with us is completed and over the line.

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Secure your self build mortgage with LDN Finance.

Building your own dream home is no small feat. Our award-winning team are on hand, committed to helping you best understand your options and ensure a straight-forward streamlined process. Our expert advisers will walk you through the process, detailing and reviewing all the options along the way.

There are two types of self-build mortgages. The most common type is an arrears loan where the payments are made at each stage once building work is completed. The next type is an advance. This is where payments are made at the beginning of each stage helping to alleviate the need for short-term borrowing such as bridging loans.

Although interest rates tend to be slightly higher on self-build mortgages, there are benefits once the building work is complete as the value of your self-built home may be significantly higher than the cost of building it. There are also savings to be made on stamp duty as this is only charged on the cost of the land you’re building on and does not include the cost of the building work (you should ensure you receive tax advice before committing to a self-build).

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Your trusted, personal property finance partner on hand at every step.

With an unrivalled appreciation for the complexities involved when building your own home, we’ll offer the best advice for your requirements. Taking out a self-build mortgage generally has more paperwork involved as you’ll need to present detailed plans of the home you plan to build. This will include a breakdown of costs, evidence of planning permission, buildings regulations approval, proof of site insurance and structural warranty, construction drawings and more. This is where our personal, dedicated advisers will be on hand to help you navigate through the process with trusted advice and guidance.

Looking for high value finance? We regularly secure complex, high-value mortgages for HNW individuals, expats, foreign nationals and self-employed individuals and are proficient in navigating complex scenarios, such as foreign income, high loan to value requirements and Lombard lending.

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Self Build Mortgage Case Studies

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Residential Mortgages

Part interest only mortgage for client looking to purchase a new family home

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Residential Mortgages

Interest only self-build mortgage to build dream home

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Residential Mortgages

Helping a foreign national with complex income secure a mortgage for a £1.5 million home

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Residential Mortgages

Securing a bridging loan to avoid eviction

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Testimonials

Our happy clients

Excellent and outstanding professional service from start to finish. From offering as many options as possible, to explaining to me very quickly what the benefits are and what I should really be thinking about moving forward. Thoroughly recommend.

Mr. M

July 2021

5 Stars! The LDN team supported us purchasing our family home, without their support and as an expat it would have been very difficult to obtain our new home in the UK. I would totally recommended them.

Mr. S

August 2021

Johnny Martin held our hands through the entire process calmly and professionally. Brilliant service, efficient and swift in response to everything. He made the entire journey uncomplicated even when the bank made it complicated. Highly recommended.

Mr. H

July 2021

we are here to help

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Contact our professional and experienced residential mortgage advisers and start your property finance journey today.

 

Prefer to chat? Call us on 020 3903 9875

 

5-star assurance for service and excellence