Self Build Mortgages - Devon

 

Trevor Branton | Mortgage and Financial Planing Consultant covering Dartmouth & The Southhams area of Devon UK

Your home may be repossessed if you do not keep up repayments on your mortgage

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Whole of Market, First Time Buyer Mortgage Advice, Devon

Re-Mortgages

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Self Build

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Product Transfer

Equity Release

Self Build Mortgages - Devon

Self build mortgages are a great way to not only get yourself on the property ladder but to build your dream home exactly the way you want it (within reasons)

There are lenders in the market that still looking to support Self Build mortgages although they are diminishing number due to the credit crunch. The criteria has remained similar though out the period and typically looks like this:

Generic Self Build Criteria

  • Lending Up to 75% of the land value +

  • Lending you to 75% of the build cost

  • Maximum overall Lending = 75% of end Value

  • Typically the property must be a Detached Residence

  • Site should be a fresh site (not started)

  • Planning Permissions/Consents with 12 months remaining

  • Full Breakdown on Build costs & Materials

Typical Stages of Self Build Funds Release

Stage

Brick & Block

Timber Frame

Renovation/Conversion

1 Purchase of Land Purchase of Land Purchase of Property
2 Preliminary costs & Foundations Preliminary costs & Foundations Preliminary costs & Structural overhaul
3 Wall Plate Level Timber Frame kit erected Wind & Water Tight
4 Wind & Water Tight Wind & Water Tight Plastering Services
5 First Fix & Plastering First Fix & Plastering Second Fix
6 Second fix to completion Second fix to Completion To Completion

For a full breakdown on the Build Cost that will be required from the lender you can download an excel spreadsheet here Build Cost & Materials for Self Build

Each and every lender has slightly different criteria and this is a BROAD guideline. Full lending terms will be provided on your individual circumstances.

 


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Self Build Mortgages - Mortgage & Financial Advice, Dartmouth, Totnes, Kingsbridge, Exeter, Plymouth, Torquay, Devon

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As an Independent & Whole of Market Mortgage Broker, I reserve the right to charge a fee for my services of up to £350 and I am also paid commission by the lender, alternatively you could receive the commission from the lender and pay me a fee of an estimated £995

 
 

Trevor Branton is a Registered Individual of Clearwater Financial Limited, who is a an Appointed Representative of Intrinsic Independent Ltd, which is authorised and regulated by the Financial Services Authority.

Intrinsic Independent Ltd is entered on the FSA Register under reference 217742

Independent Financial Advice | Independent Financial Adviser | IFA | Dartmouth, Kingswear, Salcombe, Paignton, Torquay, Newton Abbot, Totnes, Exeter, Plymouth, Kingsbridge, Kingsteignton, Torbay, Devon

 
 

 

 

 

 

 

Independent Financial Adviser and Whole of Market Mortgage Advice Services Offered from Trevor Branton

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Towns & Villages in Devon & The South Hams

Appledore, Ashburton, Axminster, Babbacombe, Bampton, Barnstaple, Beer, Bideford, Bigbury, Bovey Tracey, Branscombe, Braunton, Brixham, Buckfastleigh, Budleigh Salterton, Burrington, Chagford, Chudleigh, Chulmleigh, Clovelly, Cockington, Combe Martin, Crediton, Croyde, Cullompton, Dartmoor, Dartmouth, Dawlish, East Devon, Exeter, Exmoor, Exmouth, Great Torrington, Hartland, Hatherleigh, Holsworthy, Honiton, Hope Cove, Ilfracombe, Instow, Ivybridge, Kingsbridge, Kingswear, Lundy, Lydford, Lynmouth, Lynton, Modbury, Moretonhampstead, Newton Abbot, North Devon, Okehampton, Ottery St Mary, Paignton, Plymouth, Postbridge, Princetown, Salcombe, Seaton, Sidmouth, South Hams, South Molton, Tavistock, Teignmouth, Thurlestone, Tiverton, Topsham, Torbay, Torcross, Torquay, Totnes, Widecombe in the Moor, Woolacombe, Yealmpton, Yelverton