Self Build

With around 20,000 people building or renovating their own homes each year, Self build is Britain's biggest house builder.

Self build now accounts for 12% of the new homes built each year or a staggering 25% of all new detached homes.

Financing a self build project can seem a daunting prospect. The success of the project can hinge on getting the right self build mortgage in place.

Fortunately, we have a range of specialist lenders who know this type of funding well and offer products with exceptional features.

Why Self Build?

People decide to self build for one or more of the following reasons:

• Self build often represents good value for money - a typical self build being valued at 25% - 30% more than the cost of the land and build costs.

• Self build makes it possible for people to get the home they want in the location they choose.

• Self build allows people greater input into the design and materials used.

• Self build gives people the opportunity to build a house that suits their lifestyle.

Advanced stage payments.

We have access to Self build funding from lenders specialising in Self build mortgages. It is possible to obtain a 95% loan on the purchase price of the land and 95% loan on the build costs payable in ADVANCED stage payments.

The specialist self build advanced funding has the following features:

• Up to 95% of land cost

• Plus up to 95% of build costs

• Lends up to 95% of final value

• Stage payments, in advance

• Self Build Mortgage can run alongside the borrower’s current mortgage during the build

• No interim valuations

• Self certification of income option

To find out more about this type of mortgage, please call us now.

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

We offer all our clients a free initial consultation after which a non refundable commitment fee of £95 will be charged with a further £250 payable on completion based on individual client circumstances. We also offer a fee only option whereby we charge a 2% broker fee on the amount borrowed and any commission derived from the lender is rebated back to the client.

The overall cost for comparison is 7.9% APR

Riverside Mortgages Ltd is registered in England and Wales. Registration Number: 5978086