26 Lowther Street, Carlisle, CA3 8DA

Self Build

Professional Self Build Mortgage Advisers

Self build mortgages are specifically designed for anyone who wants to build their own property. With their knowledge and expertise, our talented team of mortgage advisers can help you navigate the complexities of this type of mortgage and find the right option for your project.

Stan Sherlock Associates

Self Build

If you’re considering building your own home, a consultation with a self build mortgage adviser is recommended. Our knowledge and experience are invaluable in ensuring a smooth and successful self build journey, and we can help you finance your dream of creating a home designed and built especially for you.

With more than 100 years of experience between them, our mortgage consultants will guide you through the complexities of this type of mortgage including assessing your eligibility, explaining the borrowing criteria to you and finding the right lender for your specific needs. We will help you make informed decisions and advise you in finding the right mortgage deal for you. Because we understand the unique challenges and requirements of self build projects, we can also liaise with your architect, project manager and/or contractors to help you navigate the self build process.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Self-Build-House

FAQ

Self Build Questions

Take a look at the frequently asked questions we receive from our valued clients and find the information you’re looking for.

Self build mortgages work a bit differently to your standard residential mortgage. Funds are provided at key stages as your home develops. For example you may use the mortgage to first finance the purchase of land, then materials, then the first fix, the second fix, and contractor payments along the way.

In the main, there are 2 types of self build mortgages:

  • Arrears: Payments are released after the completion of each stage of the build. In general terms, this type of payment plan suits individuals who have savings or cash available to them to contribute to the project.
  • Advance: Money is handed out at the outset of each stage, providing funds for labour and material bills as and when they are due. This type of mortgage takes away the short term need for bridging loans or other similar payment options. The advance option can ease cash flow and is ideal for those with limited funds. The market for this type of mortgage is limited and it would be wise to consult a broker to help you find the right deal.

Whilst it might feel daunting to receive the money in instalments… this set up means that if you can’t fund the build using savings – your self build home can still be a reality.

It’s worth noting though, that this type of mortgage is more complex and not as easy to find as your standard residential mortgage. Therefore, there is less competition and self build mortgages may come with higher interest rates.

Can We Help With your Self Build?

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Stan Sherlock Associates Self Build Service

Why Work With Us?

At Stan Sherlock Associates, arranging a self build mortgage is not a one-off transaction. Self build mortgages are complicated and require an expert’s oversight. Our advisers guide you through the mortgage application process and are on hand to assist right the way through to the completion of the build. We aim to build long term relationships with our clients and provide you with an advice service over the lifetime of your mortgage or mortgages which ensures you always have the right deal for your situation.

Based in the picturesque county of Cumbria, we have clients from across the UK. We regularly work with clients from London, The Shires, the Northeast and throughout the UK. Many of our mortgage advice services can be provided by phone and email but our mortgage advisers are always happy to meet you face to face. 

Looking for a shared equity mortgage?

Our expert mortgage advisers take a personal yet professional approach to find the right equity deal for you.

Learn More

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Disclaimer: The information on this website is for use of residents of the United Kingdom only. No representations are made as to whether the information is applicable or available in any other country which may have access to it.

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Company Information

Registered Address: 26 Lowther Street, Carlisle, Cumbria, CA3 8DA

Company Number: 05718865

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Stan Sherlock Associates Limited is an appointed representative of the Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the financial conduct authority.

The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Most buy to let mortgages are not regulated by the financial conduct authority. 

Approved by The Openwork Partnership on 16/12/2024

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