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

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

Our self-build mortgages

Self Build Mortgage - Bespoke [Repayment]

  • Initial rate6.39% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is6.0% APRC
  • Product period18 months
  • Max Gross Development Value75%
  • Arrangement fee2.00% of the loan
View this mortgage ViewRepresentative Example

A mortgage of £204,030 payable over 20 years, initially on a Variable rate 1.00% above our Standard Variable Rate for 18 months to give a current rate payable of 6.39% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 18 years 6 months, would require 18 monthly payments of £1,508.01 and 222 monthly payments of £1,393.08.

The total amount payable would be £336,018.48 made up of the loan amount plus interest (£132,018.48), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 6.0% APRC representative.

Self Build Mortgage - Bespoke [Interest Only]

  • Initial rate6.39% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is8.1% APRC
  • Product period18 months
  • Max Gross Development Value75%
  • Arrangement fee2.00% of the loan
View this mortgage ViewRepresentative Example

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.

Self Build Mortgage - Stages [Repayment]

  • Initial rate5.59% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is5.8% APRC
  • Product period24 months
  • Max Gross Development Value75%
  • Arrangement fee2.00% of the loan
View this mortgage ViewRepresentative Example

A mortgage of £204,030 payable over 20 years, initially on a Variable rate 0.20% above our Standard Variable Rate for 24 months to give a current rate payable of 5.59% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 18 years, would require 24 monthly payments of £1,413.89 and 216 monthly payments of £1,392.61.

The total amount payable would be £335,796.56 made up of the loan amount plus interest (£131,796.56), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.8% APRC representative.

Self Build Mortgage - Stages [Interest Only]

  • Initial rate5.59% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is6.9% APRC
  • Product period24 months
  • Max Gross Development Value75%
  • Arrangement fee2.00% of the loan
View this mortgage ViewRepresentative Example

A mortgage of £461,338 payable over 2 years 0.20% above our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 5.59% (variable) would require 24 monthly payments of £2,149.07.

The total amount payable would be £515,017.95 made up of the loan amount plus interest (£53,709.69), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 6.9% APRC representative.

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.