Self Build Mortgages

*Only for use by authorised BuildLoan Intermediaries*

We’re proud to have a common sense approach to lending – with each case being manually underwritten. This means that throughout the process, we’re able to offer flexibility to support you and your clients with direct access to an underwriter.


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Buildloan Low LTV (40%) Self-Build Mortgage with Fee Incentives (£150,000 - £1,000,000)

Initial Interest Rate

5.40%

Maximum Loan To Value (LTV)

40%

Overall Cost for Comparison

7.70%

Product Code

IP339

The following is a representative example based on a mortgage of £200,000 over 25 years initially on a discounted rate of 5.40%, for a total of 2 years, followed by a discounted rate of 7.04% for 4 years and then by our Standard Variable Rate of 8.29%. In this example you would make, 24 monthly payments of £1,216.26, 48 monthly payments of £1,406.26 and 228 payments of £1,540.12. This example assumes the repayment method is capital and interest.

The total amount payable would be £450,233.08 made up of the loan amount, plus interest of £247,838.08, a Funds Transfer Fee (£25.00), Valuation fee (£625.00), a Scheme fee of (£1,000.00), a Buildloan Arrangement fee (£695.00), and a Mortgage Exit Administration fee (£50.00).

The overall cost for comparison is 7.7% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

Buildloan Self-Build with Build Out Fee Incentive (£150,000 - £1,000,000)

Initial Interest Rate

6.15%

Maximum Loan To Value (LTV)

80%

Overall Cost for Comparison

7.80%

Product Code

IP370

The following is a representative example based on a mortgage of £200,000 over 25 years initially on a discounted rate of 6.15% for 2 years, a further discounted rate of 7.04% for 4 years, followed by our Standard Variable Rate of 8.29%. This example you would make 24 monthly payments of £1,307.00, 48 monthly payments of £1,412.22 and 228 payments of £1,546.65. This example assumes the repayment method is capital and interest.

The total amount payable would be £454,064.7 made up of the loan amount, plus interest of £251,790.76, a Funds Transfer Fee (£25.00), Scheme fee (£999.00), Valuation fee (£505.00), a Buildloan Arrangement fee (£695.00), and a Mortgage Exit Administration fee (£50.00).

The overall cost for comparison is 7.80% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

Buildloan Self-Build Accelerator Mortgage (£150,000 - £700,000)

Initial Interest Rate

6.49%

Maximum Loan To Value (LTV)

80%

Overall Cost for Comparison

7.90%

Product Code

IP363

The following is a representative example based on a mortgage of £200,000 over 25 years initially on a discounted rate of 6.49% for 2 years, a further discounted rate of 7.04% for 4 years, followed by our Standard Variable Rate of 8.29%. This example you would make 24 monthly payments of £1,349.16, 48 monthly payments of £1,414.77 and 228 payments of £1,549.43. This example assumes the repayment method is capital and interest.

The total amount payable would be £455,832.84 made up of the loan amount, plus interest of £253,558.84, a Funds Transfer Fee (£25.00), Scheme Fee (£999.00), Valuation fee (£505.00), a Buildloan Arrangement fee (£695.00), and a Mortgage Exit Administration fee (£50.00).

The overall cost for comparison is 7.9% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

Buildloan Self-Build Mortgage (£700,001 - £1,200,000)

Initial Interest Rate

6.00%

Maximum Loan To Value (LTV)

70%

Overall Cost for Comparison

7.80%

Product Code

IP356

The following is a representative example based on a mortgage of £700,000 payable over 25 years initially on a discounted variable rate of 6.00% for 2 years, a further discounted variable rate of 7.04% for 4 years, followed by our Standard Variable Rate of 8.29%. In this example you would make 24 monthly payments of £4,510.11, 48 payments of £4,938.75 and 228 monthly payments of £5,408.86. This example assumes the repayment method is capital and interest.

The total amount payable would be £1,583,852.72 made up of the loan amount plus interest of £878,522.72 and the following costs, a Scheme Fee of (£3,500.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£945.00), a Packager's Fee (£695.00), and Application Fee (£115.00) and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.8% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

Buildloan Self-Build Mortgage (£120,000 - £700,000)

Initial Interest Rate

6.00%

Maximum Loan To Value (LTV)

80%

Overall Cost for Comparison

7.90%

Product Code

IP355

The following is a representative example based on a mortgage of £160,315 payable over 25 years initially on a discounted variable rate of 6.00% for 2 years, a further discounted variable rate of 7.04% for 4 years, followed by our Standard Variable Rate of 8.29%. In this example you would make 24 monthly payments of £1,032.91, 48 payments of £1,131.08 and 228 monthly payments of £1,238.74 This example assumes the repayment method is capital and interest.

The total amount payable would be £364,403.40 made up of the loan amount plus interest of £201,199.40 and the following costs, a Scheme Fee of (£1,499.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£505.00), a Packager's Fee (£695.00), and Application Fee (£115.00) and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.9% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

Buildloan Low LTV (60%) Self-Build Mortgage with Fee Incentives (£150,000 - £1,000,000)

Initial Interest Rate

5.80%

Maximum Loan To Value (LTV)

60%

Overall Cost for Comparison

7.80%

Product Code

IP358

The following is a representative example based on a mortgage of £160,315 payable over 25 years initially on a discounted variable rate of 5.80% for 2 years, a further discounted variable rate of 7.04% for 4 years, followed by our Standard Variable Rate of 8.29%. In this example you would make 24 monthly payments of £1,013.40, 48 payments of £1,129.82 and 228 monthly payments of £1,237.37. This example assumes the repayment method is capital and interest.

The total amount payable would be £362,749.90 made up of the loan amount plus interest of £200,358.32 and the following costs, a Scheme Fee of (£801.58), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£505.00), a Packager's Fee (£695.00), and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.8% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

Buildloan Self-Build Accelerator Mortgage (£150,000 - £700,000)

Initial Interest Rate

6.25%

Maximum Loan To Value (LTV)

80%

Overall Cost for Comparison

7.90%

Product Code

IP359

The following is a representative example based on a mortgage of £160,315 payable over 25 years initially on a discounted variable rate of 6.25% for 2 years, a further discounted variable rate of 7.04% for 4 years, followed by our Standard Variable Rate of 8.29%. In this example you would make 24 monthly payments of £1,056.36, 48 payments of £1,131.34 and 228 monthly payments of £1,239.03. This example assumes the repayment method is capital and interest.

The total amount payable would be £364,929.80 made up of the loan amount plus interest of £201,840.80 and the following costs, a Scheme Fee of (£1,499.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£505.00), a Packager's Fee (£695.00), and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.9% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.