If you’re thinking of taking on a self build for the first time or if you have experience in the field you will require funding to ensure your project is a success throughout every stage.

Some of the funding for a self build will more than likely come from a mortgage but when it comes to this sort of project there are many circumstances you will need to take into consideration and be aware of.

Your finances can be influenced by a number of factors such as; buying your land, cash flow, costs of building, the type of construction, planning permission and affordability. You will also need to have considered where you are going to live during the time it takes to build your property.

There are differences between self build and residential mortgages. In terms of a self build mortgage, funds are held and then released in the stages of the build progression compared to a single lump sum.

It is also worth knowing that lenders have different self build criteria. You should seek advice from an expert to ensure the right finance for you personally and your project is achieved.