Free Self-Build Mortgage Tool
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Assess your Self-Build Mortgage options depending on your scenario. (Refresh the web page each time you use the tool)
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Get an idea of what you can borrow to get moving (the LTV) and what you need in savings.
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As a guide, interest rates on Self-Build Mortgages are about 1.5% more than standard residential mortgages.
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This tool will also let you know if you should contact us to get a personal quotation for your needs.
Self-Build Mortgage Options: Free Tool
Planning Permission & How Much You Can Borrow
What, if any, planning permission do you have?
Without planning permission, the maximum mortgage available will be limited to 50% of the value of the land and the land will need a minimum value of £100,000. The interest rate will also be a commercial land interest rate, meaning an interest rate of approximately 5% more than a typical residential mortgage, a significant cost. You will need at least outline planning permission for a Self-Build mortgage but there may be other mortgage options available to you. See below.
How would you like to proceed?
With outline planning permission, the maximum initial mortgage would be 80% of the value of the land.
Will 80% of the value of the land plus any applicable savings allow you to raise enough funds to complete the first stage of the build? i.e. to clear the site, access all services/utilities, and complete the foundations and footings?
That's great news, enter your details below and submit the form and one of our specialists will contact you to go through your mortgage options in detail.
If this is not sufficient do you have equity in other property assets that we can look to raise additional funds on to help you achieve your aims?
That's great news, enter your details below and submit the form and one of our specialists will contact you to go through your mortgage options in detail.
It appears as though at present you do not have sufficient savings to progress with a Self-Build project but do play around with this tool to look at what you need to make this happen and when you have sufficient savings and are ready to proceed please do get back in touch.
If you are not sure, it will be worthwhile you assessing an estimated budget with your savings before re-visiting this self-build mortgage tool. Look at alternatives using this tool to assess your options in different scenarios and then when appropriate, contact us. When you are ready to progress, let us know.
With full planning permission the maximum initial mortgage will be up to 85% of the value of the land.
Will 85% of the value of the land plus any applicable savings allow you to raise enough funds to complete the first stage of the build? i.e. to clear the site, access all services/utilities, and complete the foundations and footings?
That is great news, you are in a fantastic position to get a Self-Build mortgage and we look forward to helping you make this a reality. Please enter your details below and one of our specialists will contact you and go through your options in detail.
If this is not sufficient do you have equity in other property assets that we can look to raise additional funds on to help you achieve your aims?
It appears as though at present you do not have sufficient savings to progress with a Self-Build project but do play around with this tool to look at what you need to make this happen and when you have sufficient savings and are ready to proceed please do get back in touch.
That is great news, you are in a fantastic position to get a Self-Build mortgage and we look forward to helping you make this a reality. Please enter your details below and one of our specialists will contact you and go through your options in detail.
If you are not sure, it will be worthwhile you assessing an estimated budget with your savings before re-visiting this self-build mortgage tool. Look at alternatives using this tool to assess your options in different scenarios and then when appropriate, contact us. When you are ready to progress, let us know.
It appears as though at present you do not have sufficient savings to progress with a Self-Build project but do play around with this tool to look at what you need to make this happen and when you have sufficient savings and are ready to proceed please do get back in touch.
It appears as though at present you are not quite ready to progress with a Self-Build project but do play around with this tool to look at what you need to make this happen and when you have sufficient savings and are ready to proceed please do get back in touch. Best of luck with the planning too!
That is great news and we look forward to helping you make this a reality. Please enter your details below and one of our specialists will contact you and go through your options in detail.
That is great news and we look forward to helping you make this a reality. Please enter your details below and one of our specialists will contact you and go through your options in detail.
Contact Details
If you are ready to proceed then you will see the option to enter your contact details and submit the form for one of our specialists to contact you. If you have not been asked to enter your contact details then use the tool to help identify when it would be appropriate to contact us and give us a call on 01792 277 555 or revisit this tool when you are ready.
YOUR HOME OR YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY DEBT SECURED ON IT.
This interaction is with Brilliant Money which is authorised and regulated by the Financial Conduct Authority (‘FCA’) and is entered on the FCA Register under reference 611227. Not all mortgages are regulated by the FCA, your adviser will explain to you your rights under UK mortgage regulation and legislation.
You may also contact us to ask if you are uncertain about any of the above and require further information.
Brilliant Money is a trading style of Brilliant Mortgages Ltd which is registered in England and Wales, No. 06140621 with a registered address at 3 Murray Street, Llanelli, SA15 1AQ.