self-build mortgages
As your self-build home will be built and paid for in stages, rather than borrowing funds using a traditional mortgage, a specialist self-build mortgage enables you to release funds in pre-determined stages throughout the build.
There are two types of self-build mortgages. They are defined by how funds are released during the build, where your stage payments are either subject to an increase in the value of works completed or guaranteed based on your costs.
A valuation based stage payment mortgage releases funds after each stage of work is complete and when a valuation has taken place showing an uplift in value. This borrowing option may not suit your supplier’s payment terms if you’ve chosen to build with timber frame.
BuildStore’s Cost Based Stage Payment Mortgage provides guaranteed payments based on your build costs either before or after each build stage, depending on your build payment schedule.
This cost based payment option recognises the timber frame industry’s payment terms and is geared to ensuring funds are released so that your timber frame can be delivered at the right time.
Download our guide to self-build mortgages.
Click here for more information on BuildStore Mortgage services, specialising in self-build and renovation.
Meet us in person
Why not come and meet the Fleming Homes team in person? We’re there to help you with all your self-build and timber frame questions.
Below are the upcoming exhibitions we’re scheduled to attend. A full list of the shows where you can meet the Fleming Homes team is available on our Events page. Hopefully there’s an event near you soon. If not, just give us a call!