Financing a self-build project

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 stamp your own mark. 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.

For more details, arrange a talk with a Saffron Mortgage Adviser or download a copy of our Guide to Self Build Mortgages..

  • Designed for self-build projects or major refurbishments
  • Funds released in line with the progress of the project so you’re not paying interest on funds you’re not using
  • Option to pay interest-only until project completion
  • Expert help from our friendly Mortgage Advisers

Talk to us today

To arrange an appointment with one of our Mortgage Advisers call us free on:0800 072 1100or complete the form below:





Thank you for your enquiry.

A Mortgage Adviser will be in contact with you within 3 working days.

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

Repayment

Initial rate then changing to our Standard Variable Rate which is currently The overall cost for comparison is Product Term Loan To Value Arrangement fee
5.59%(SVR +0.20%)Variable 5.39% 5.8% APRC 24 months Max Gross Development Value75% 2.00% of the loan More
6.39%(SVR +1.00%)Variable 5.39% 6.0% APRC 18 months 65% of the purchase price,100% of the build cost and max Gross Development Value75% 2.00% of the loan More

Interest Only

Rate Revert Rate The overall cost for comparison is Product Term Loan To Value Arrangement fee
5.59%(SVR +0.20%)Variable You must refinance at the end of the product term 6.9% APRC 24 months Max Gross Development Value75% 2.00% of the loan More
6.39%(SVR +1.00%)Variable You must refinance at the end of the product term 8.1% APRC 18 months 65% of the purchase price,100% of the build cost and max Gross Development Value75% 2.00% of the loan More

Representative example:

The following representative example is intended to allow you to easily compare products across lender and does not reflect what your actual monthly payment or APRC could be. Please contact us if you have any questions regarding this.

A mortgage of £461,338 payable over 1 years 6 months 1.00% above our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 6.39% (variable) would require 18 monthly payments of £2,456.63.

The total amount payable would be £507,922.51 made up of the loan amount plus interest (£46,614.25), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 8.1% APRC representative.