Self Build Mortgages

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.

  • 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 [Interest Only]

  • Initial rate4.20% Variable
  • The overall cost for comparison is4.9% APRC
  • Product period24 months
  • Max Gross Development Value75%
  • Arrangement fee1.00% of the loan
View this mortgage ViewRepresentative Example

A mortgage of £132,780 payable over 2 years on our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.20% (variable) would require 24 monthly payments of £464.71.

The total amount payable would be £144,193.40 made up of the loan amount plus interest (£11,448.04), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.9% APRC representative.

A couple plan to build their own home.

How to build your own home?

When faced with a task the size of building a house, it’s important to break all the individual stages down.

Find out more

A couple plan to build their own home.

How easy is it to build your own home?

The popularity of self-builds is starting to grow and there is more and more support available to turn ideas into reality.

Find out more

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:

Does at least one applicant have an income?

Do you have a deposit (or equity in property) of at least 5% of the property value?

Do you own your current residential property (with or without a mortgage)?

Do you have a deposit (or equity in property) of at least 20% of the property value?

Thank you for your enquiry.

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

Read our Self Build Guide to find out how we can help you build your dream home