For most people getting their finances in order is an important starting point for their self build project. If you need to borrow money then finding the right mortgage for your build project is crucial to ensuring the success of the project.
A mortgage for a self build differs from a mortgage you would use to buy a house because with a self build mortgage the money is released in stages as the build progresses. There are however different ways in which this money can be released and the advice we will give you will depend on your own particular circumstances. This is why it is important to discuss your options as early in your project as possible with one of our qualified Mortgage Advisors here at Watts.
Every self build project has identifiable stages from the initial digging of the foundations to the final fix and at each stage the value of the build increases. The following chart shows the typical stages in a traditional brick & block construction.
Brick & Block
Purchase of land
Preliminary costs & foundations
Wall plate level
Wind & watertight
First fix & plastering
Second fix to completion
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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Andy Webster - Advantage Pest Control & Gardening Services Ltd
Thank you for the great service that you provided for me in sorting my critical illness cover. Having a busy workload at this time of year, Barry came to my home at a time to suit me and gave me some advice on what would be best suited to my needs. From my first dealings through to the finished documents I felt at ease knowing that all the staff had one thing on their mind in getting me the best advice possible and trying to make it as stress free as possible. I would certainly have no hesitation in recommend Watts Mortgages services to any of our clients/family and friends. Thanks once again.
Buying a house is one of the most important and probably the largest investment you may make.
Watts have a comprehensive range of mortgages from across the market and look to get you a great deal when you are looking to move home.
We can search the WHOLE UK MARKET to get quotes from High Street lenders such as Santander, The Woolwich, Nationwide, NatWest and more.
Secured loans or second mortgages can be an alternative to re-mortgaging.
For most people getting their finances in order is an important starting point for their self build project.
Where appropriate we can refer you to our sister company, Watts Commercial Finance Ltd. which provides advice on Commercial lending.
For some people, one of the most profitable long-term investments might be purchasing property.
Whether that is some general modernisation or some essential repairs that you need to get done, we have a solution for you.
A regulated bridging loan is a form of short term funding secured by a charge on a borrower’s residential property until next stage financing is secured.
Watts Mortgage & Wealth Management Ltd is directly authorised and regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No 624815 at www.fsa.gov.uk/register/home.do
More information is available on mortgages from the Money Advice Service. www.moneyadviceservice.org.uk
Where you have a complaint or dispute with us and we are unable to resolve it to your satisfaction then we are obliged to offer you access to the Financial Ombudsman Service. Please see the following link for further details www.financial-ombudsman.org.uk
Your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
The FCA does not regulate some forms of mortgages. The FCA does not regulate taxation advice, trust advice and some forms of buy to let mortgages.