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Self-build mortgages

Available to self-builders who want to buy a plot of land to build a new house or refurbish an existing structure for their own occupation.

Do you dream of starting from scratch, buying a plot of land and building your own home? Or perhaps you’re looking to find a place that needs a complete refurbishment where you can put your own stamp on it. At Saffron, we understand dreamers and our self-build mortgage is designed for you.

Because it’s likely that your project will take shape over a period of time, we’ll release your funds in stages in line with the progress of the build. An added benefit is that you can choose to repay interest-only until the project is completed.

What is custom build?

Custom build homes are self-built homes that are facilitated by a professional developer. They offer the chance to have a unique property that suits an individual’s lifestyle and preferences but minus the high degree of involvement associated with traditional self-builds. Custom building can describe a single one-off home commissioned by an individual and built by a developer, or a group of homes built by a developer but offering the future occupants the chance to tailor the design.

Self-build

Self Build Mortgage

Initial rate

3.99% (variable)

Product period

24 Months

then changing to our SVR minus 1.00%

4.39%

Deposit required

35.00%

The overall cost for comparison is

4.60% APRC

Arrangement fee

1% of the loan

Self Build Mortgage

Initial rate

4.19% (variable)

Product period

24 Months

then changing to our SVR minus 1.00%

4.39%

Deposit required

20.00%

The overall cost for comparison is

4.70% APRC

Arrangement fee

1% of Loan

Your home may be repossessed if you do not keep up payments on your mortgage