Definitions for "Self-build mortgage"
Mortgage for those who wish to build their own home, renovate or convert their existing home. Funds are normally released in stages as work progresses following a satisfactory progress report from an architect.
a special product which applies to individuals who are renovating or building their residential property from scratch
Available to borrowers who wish to build their own home or renovate or convert their existing home. The funds are released in stages as the work progresses. Repayment, endowment, interest-only and pension plan options are all available under the scheme.