Lockhart Grey Financial Planning Ltd

The UK is a nation of homeowners and we all have to start somewhere. Hopefully as the years go by we can “trade up” to bigger and more suitable properties as our personal circumstances change.

However you may feel that there are no properties suitable for you in the area you wish to reside or you simply wish to design your own dream home.  Having decided to self build your own house you will need to arrange to finance the build.  A self build mortgage will allow you to purchase land and finance your self build house.

At Lockhart Grey Financial Planning, we will help source the best self build mortgage that best suits your own individual circumstances.  If you require we can also arrange the legal/conveyancing service for you and arrange any surveys required to be carried out.

Self build mortgages have become easier to place over the years and many offer differing degrees of flexibility.  Previously all self build mortgages only released the money at the end of each stage of the build.  This did not suit the many people who did not have any capital available to complete the build stage.  They had to raise said capital by selling their current property or with potentially expensive short term borrowing.

Lockhart Grey Financial Planning are able  to get self build mortgages from numerous lenders who will provide stage payments in advance, which is essential for timber frame self build.  This obviously helps with cash flow.  You may borrow as much as 95% of the cost of the land and 95% of the cost of the build.  Therefore you can secure your land with a relatively small deposit.

As well as providing positive cash flow, self build mortgages can incorporate other attractive benefits, such as:
•    Do not have to release equity from your own home to secure your building plot.
•    Do not have to move from your existing home whilst building your new one
•    With funds available in advance you may negotiate the best prices for material and labour as and when you need them.

Lockhart Grey Financial Planning will help find the right self build mortgage from a number of lenders. With a variety of mortgage products available such as fixed, tracker, discounted or capped rates we can provide a self build mortgage that will suit your requirements.

We will liaise with your own professional contacts if you have any in place in order that everything that can be done will be done in order for the self build to proceed smoothly.

If you are looking for a bad credit self build mortgage or a poor credit self build mortgage then we are able to source a lender and product that will suit your adverse self build mortgage needs. Your mortgage finance will depend on your own financial situation

With Lockhart Grey Financial Planning’s Mortgage Service it’s never been easier to own your home. We can guide you through the process explaining exactly what happens at each stage and in a language you understand and will help you through every step to completion via our experienced processing team.

Please fill in our quick enquiry form , or call us for a free, no obligation, consultation. You may also find our mortgages glossary useful to explain some of these terms.

Remember it is in lenders’ interest to provide you with a mortgage, as long as they do not feel you are stretching yourself.  They want your business.  A mortgage is generally a lower risk to them, compared to a personal loan, or a credit card, as they always have the house to “secure” the loan against if you are unable to make your payments.