Category: self build mortgage

First Time Buyer

Northern Ireland remains the UK’s most affordable path to homeownership. First-time buyers can benefit from the Co-Ownership scheme and Stamp Duty relief on homes up to £300,000. With local house prices averaging below the UK average your dream home is more attainable here. Take the first step toward your own front door today.

First Time Buyer mortgageWith so many mortgage products on the market and numerous incentives for the first time buyer, it is vital to obtain the services of a Mortgage Broker.

We have specialist Mortgage Brokers throughout Northern Ireland with expert knowledge of all the mortgage options.

Contact us using the form below to request a call back.

Get in touch with a local Mortgage Advisor

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By submitting this form you agree to being contacted by a regulated mortgage broker to assist with your query.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt that is secured on it.

First Time Buyer Mortgage

If you are planning on buying your first home talk with a local mortgage broker before you start viewing properties. This will give you an idea of how much you can borrow based on your income, the amount of deposit saved and your credit rating.

Your local advisor will also guide you on the other costs involved in buying a property such as solicitor’s fees, surveys and insurance and stamp duty.

The information provided on this website is for information and guidance purposes only and does not represent financial advice. Financial advice is provided by our partner advisers who are regulated by the Financial Conduct Authority.

First Time Buyers

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Self Build Mortgage

Connect to a self build mortgage specialist to ensure the smooth processing of your mortgage finance. Make an online mortgage enquiry.

Planning Permission

You will need full planning permission in order to get approval for a self-build mortgage. Consult your Local Authority and your solicitor for more information on planning regulations in your area before you proceed with your mortgage application.

Plan your finances

Plan your finances before you start your build and consider any variations that may arise. Think about extra costs such as solicitor fees, valuation fees and Stamp Duty Land Tax, and the cost of furnishing decorating and landscaping costs.

Arrange insurance cover.

Many lenders will insist you have self-build insurance cover in place before you draw down your first mortgage instalment.

Stage payments

There are usually 4 stages to draw money down as the build progresses. The stages are foundations, wall plate, roofed and then completion. Completion funds can usually be drawn down when the kitchen and bathroom and fitted.

Interest only payments

Some lenders will offer interest only payments for the first 18 months which will assist cashflow. This incentive is particularly useful if you are paying a mortgage on your current home with a view to selling when the self build is complete.

Complete the mortgage enquiry form below

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