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

Initial Interest Rate

5.69%

Maximum Loan To Value (LTV)

70%

Overall Cost for Comparison

7.60%

Product Code

IP390

The following is a representative example based on a mortgage of £700,000 payable over 25 years initially on a discounted variable rate of 5.69% for 2 years, a further discounted variable rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £4,378.40, 48 payments of £4,867.34 and 228 monthly payments of £5,333.41. This example assumes the repayment method is capital and interest.

The total amount payable would be £1,560,061.40 made up of the loan amount plus interest of £854,731.40 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 7.6% 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

5.69%

Maximum Loan To Value (LTV)

80%

Overall Cost for Comparison

7.70%

Product Code

IP412

The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 5.69% for 2 years, a further discounted variable rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £1,125.87, 48 payments of £1,251.60 and 228 monthly payments of £1,371.45 This example assumes the repayment method is capital and interest.

The total amount payable would be £402,677.28 made up of the loan amount plus interest of £219,788.28 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 7.7% 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

5.79%

Maximum Loan To Value (LTV)

80%

Overall Cost for Comparison

7.70%

Product Code

IP391

The following is a representative example based on a mortgage of £180,000 over 25 years initially on a discounted rate of 5.79% for 2 years, a further discounted rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. This example you would make 24 monthly payments of £1,136.75, 48 monthly payments of £1,252.31 and 228 payments of £1,372.22. This example assumes the repayment method is capital and interest.

The total amount payable would be £402,533.04 made up of the loan amount, plus interest of £220,259.04, 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 7.7% 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

5.49%

Maximum Loan To Value (LTV)

60%

Overall Cost for Comparison

7.60%

Product Code

IP410

The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 5.49% for 2 years, a further discounted variable rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £1,104.28, 48 payments of £1,250.16 and 228 monthly payments of £1,369.87. This example assumes the repayment method is capital and interest.

The total amount payable would be £401,015.76 made up of the loan amount plus interest of £218,840.76 and the following costs, a Scheme Fee of (£900.00), 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 7.6% APRC representative.

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

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

Initial Interest Rate

4.99%

Maximum Loan To Value (LTV)

40%

Overall Cost for Comparison

7.50%

Product Code

IP411

The following is a representative example based on a mortgage of £180,000 over 25 years initially on a discounted rate of 4.99%, for a total of 2 years, followed by a discounted rate of 6.89% for 4 years and then by our Standard Variable Rate of 8.14%. In this example you would make, 24 monthly payments of £1,051.21, 48 monthly payments of £1,246.42 and 228 payments of £1,365.76. This example assumes the repayment method is capital and interest.

The total amount payable would be £398,745.48 made up of the loan amount, plus interest of £216,450.48, a Funds Transfer Fee (£25.00), Valuation fee (£625.00), a Scheme fee of (£900.00), a Buildloan Arrangement fee (£695.00), and a Mortgage Exit Administration fee (£50.00).

The overall cost for comparison is 7.5% 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

6.29%

Maximum Loan To Value (LTV)

80%

Overall Cost for Comparison

7.80%

Product Code

IP393

The following is a representative example based on a mortgage of £180,000 over 25 years initially on a discounted rate of 6.29% for 2 years, a further discounted rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. This example you would make 24 monthly payments of £1,191.86, 48 monthly payments of £1,255.74 and 228 payments of £1,375.98. This example assumes the repayment method is capital and interest.

The total amount payable would be £404,877.60 made up of the loan amount, plus interest of £222,603.60, 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 7.8% 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

5.99%

Maximum Loan To Value (LTV)

80%

Overall Cost for Comparison

7.70%

Product Code

IP392

The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 5.99% for 2 years, a further discounted variable rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £1,158.64, 48 payments of £1,253.71 and 228 monthly payments of £1,373.75. This example assumes the repayment method is capital and interest.

The total amount payable would be £403,974.44 made up of the loan amount plus interest of £221,200.44 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 7.7% APRC representative.

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