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Obtaining a Self Build Mortgage

ProAktive www.selfbuildinsure.co.uk 公 Obtzining a SELF BUILD gler Morigage If you are considering taking on a self build project, you will need to take out a self build mortgage. A self build mortgage differs from a normal mortgage due to money being released in stages as your build progresses. What do I need for self build mortgage? The site map: House plans: showing where your house will be built showing the size and layout of your self build property Assessment: based on the applicants' income and outgoings and the usual documentation Planning permission: valid unrestricted access to build on the desired plot required to submit an application When will I receive fundz? Stage payments can vary, but generally after each stage of construction is completed, the valuer will inspect the build works to date. Money is released at the following construction stages: 1. Foundations are complete. 2. Wall-plate is complete. HIAIH 3. Roofing is complete. 4. Plastering is complete. 5. Final completion. What ege should I consider before taking out a yelf build morizage? Building can take longer than 12 months, so it is advisable to speak with Appropriate insurance will be required during the self build project with full property insurance in place on completion and your appropriate lender to review your mortgage when the work is finished and you occupation. are ready to move into your new property. ... When obtaining a self build mortgage, always ensure you protect your investment with Self Build insurance. ProAktive Self Build developed the first UK Self Build insurance policy in 1984. ProAktive are the industry leaders, with specialists available to discuss your project build, and insurance requirements. ProAktive Doncaster: 01302 346 831 | Follow us OO 0 www.selfbuildinsure.co.uk

Obtaining a Self Build Mortgage

shared by ObjectiveCreative on Feb 07
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If you are considering taking on a self build project, you will need to take out a self build mortgage. A self build mortgage differs from a normal mortgage due to money being released in stages as yo...

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