To finance your self build project, you need to make sure that you understand the differences between borrowing for a ready built home and borrowing to build.
When you finance an existing home, it’s easy to estimate the value of the property and easier for lenders to work out how much risk they will be taking on when lending you money. Once you agreed a price and exchanged on an existing home, then you can go ahead with the purchase, the lender releases the money and you move in and start paying the mortgage. Continue reading ‘Three Steps to Financing a Self Build Property’ »