Mortgage brokers & financial services provider 
Here at Vickers Young we are able to offer specialist lending for all manner of self-build projects and we have helped numerous clients navigate this complex area of mortgage lending. 
 
As long as a plot you are looking to purchase has “Outline Planning Permission” then we have lenders that could fund up to 100% of the land purchase and build costs meaning you can save your money for other expenses you may incur. 
 
These types of mortgages are not exclusively available to experienced builders. 
We can help all manner of clients with a self-build project ensuring that you have the potential of building your dream home with a tailored finance package and growth plan to ensure you can make full use of the end property value. 
 
Lenders in this space typically release funds in what are call “Stage Payments” this means that at each stage of the build they will release funds to continue the project and your mortgage payments increase accordingly staying low at the start of the build until the full amount is taken. 
 
Lenders also permit self-build on “interest only” basis. This means that during the potentially expensive build stages that the mortgage payments are kept lower. Many of our clients remortgage at the end of the build then accessing the rates of mainstream lenders and fixing in lower interest rate deals due to the larger gap between the previous “Self-build Loan” and the value of the finished property. 
Here at Vickers Young we have experts who deal in this area and can guide you on all of the stages and the options available in your circumstances. 
Please get in touch today to discuss your options using either our contact form or get in contact with one of our brokers directly. 
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