Enabling You To Build Your Dream Home.
Multiple Self Build Mortgage Schemes.
Many Scenarios And Situations Considered.
No Obligation Free Mortgage Quotes.
As a leading UK mortgage business with 25 years experience, First Choice Finance gives you access to a wide selection of mortgage and finance deals that can help you in your plans to build your perfect home. When looking to build your property it is important to get your finance in place, ensure you detail a budget for the construction costs and any other costs you may encounter, it also may be a good idea to have a contingency fund, as things may not always come in to budget and there can always be the occasional surprise. Once you have got the costings sorted, the next phase is to find the money.
Self build mortgages are no different to conventional mortgages - the lenders will often be happy to lend you the money as long as they are confident you will be able to keep up with your repayments and that the final built property will meet its valuation. As with normal mortgages a self build mortgage will consider your circumstances, final property value, your build deposit amount, the land alone value and the amount you wish to borrow. To find out your mortgage options and get cracking on your dream home call our UK based self build mortgage team for free on 0800 298 3000 (landline or mobile), dial 0333 003 1505 (mobile friendly) - alternatively complete our short on line enquiry form and we will speak to you at your convenience.
Please note with a self build property you may find yourself paying a slightly higher interest rate because they are considered slightly more risky than a traditional home mortgage, probably because there are more elements that could go awry. However there are still some surprisingly competitive rates out there.
If you have a current property with a low loan to value it may be worth considering remortgaging this property opposed to taking out a new mortgage on the new build, because the property already exists mortgage lenders are often happier to provide you with a mortgage, when you enquire to First Choice Finance we will be happy to discuss the different options to find you the best solution
First Choice Finance have access to a large selection of self build mortgages from the top lenders with over a quarter of a century helping people find mortgages and remortgages we could help you fulfill your self build dream.
It is sometimes common practice for a self build mortgage to use the practice of releasing money in stages as the property is completed, building your own home has many advantages
When looking at building your own property there are a number of factors to consider, so disadvantages are:
If you have a property you are wanting to extend or make improvements to First Choice Finance could help you borrow money, with a wide selection of homeowner loans and remortgages we have been helping people find finance for home extensions and other building projects on their properties for around 25 years.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home
First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014.