Self build mortgages

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Find the right self build finance package for your project in our regularly updated mortgage rates table, courtesy of BuildStore

How to use the self build mortgage tables

Abbreviations in the tables:

OPP: Outline planning permission

DPP: Detailed planning permission

SVR: Standard variable rate

BS: Building Society

These tables are a guide to the various mortgage products currently available for self builders. The information is verified monthly by BuildStore and was last updated on 25th June 2014.

The first table lists advance stage payment mortgages (where lenders pay out an agreed tranche of the loan prior to the commencement of agreed stages of a project).

The second reveals the latest arrears stage payment mortgages (where lenders pay out funds after completion of pre-agreed stages of the build).

Simply click on the relevant Lender's name in the table to open the website and get more details on the products listed here (most of these mortgages are available through BuildStore).

For more information on how these lending packages can work for your project, check out our feature on applying for a self build mortgage.

Guaranteed Advance Stage Payment Self Build Mortgages (BuildStore exclusives):

Lender's name Lends on land % end value of property Number of stage payments Minimum works complete for 1st stage payment Mortgage types available
Bath BS (Accelerator) 85% (OPP) 80% Six DPP & Building Regs granted 5.89%
Hanley Economic BS (Accelerator) 85% (OPP) 80% Six DPP & Building Regs granted 6.19%
Hanley Economic BS (Accelerator) 85% (OPP) 60% Six DPP & Building Regs granted 4.19%
Kent Reliance BS (Accelerator) 85% (OPP) 85% Six DPP & Building Regs granted 5.49%
Melton Mobray (Accelerator) 85% (OPP) 75% Six DPP & Building Regs granted 4.89%

Arrear Stage Payment Self Build Mortgages (BuildStore exclusives):

Lender's name Lends on land % end value of property Number of stage payments Minimum works complete for 1st stage payment Mortgage types available
Bath BS 75% (OPP) 80% Six Foundations 5.29%
Chorley BS 85% (OPP) 80% Six Foundations 5.49%
Darlington BS 80% (DPP) 80% Six Foundations 4.99%
Furness BS 75% (DPP) 80% Six Wind & Watertight 4.99%
Furness BS 75% (DPP) 80% Six Foundations 5.20%
Furness BS 75% (DPP) 75% Six Foundations 5.99%
Hanley Economic BS 75% (OPP) 80% Six Foundations 5.69%
Holmesdale BS 85% (OPP) 80% Six Foundations 5.29%
Ipswich BS 75% (OPP) 75% Six Foundations 5.75%
Kent Reliance BS 85% (OPP) 80% Six Foundations 4.99%
Loughborough BS 75% (OPP) 75% Six Foundations 4.99%
Mansfield BS 80% (OPP) 80% Six Foundations 5.59%
Newcastle BS 80% (OPP) 80% Six Foundations 5.25%

Arrear Stage Payment Mortgages:

Lender's name Lends on land % end value of property Number of stage payments Minimum works complete for 1st stage payment Mortgage types available
BM Solutions 75% (OPP) 75% Flexible Foundations Depends on scheme
Cumberland Building Society 75% (DPP) 75% Flexible Flexible Contact branch
Dudley BS 50% (DPP) 75% Six Damp proof course 5.49%
Ecology BS 85% (OPP) 85% Flexible Flexible 4.9%
Furness BS 66% (DPP) 80% Eight Excavation 5.99%
Hinkley & Rugby BS No 75% Four Footings 5.64%
Leeds BS 75% (DPP) 75% Five Wall plate 6.19%
Lloyds TSB Scotland 70% (DPP) 70% Three Foundations Depends on scheme
Loughborough BS No 75% Three Ground floor Standard products
Newbury BS 66% (DPP) 75% Flexible Foundations Depends on scheme
Norwich & Peterborough BS 80% (DPP) 80% Seven Foundations 4.89%
Nottingham BS No 65% Flexible Eaves Standard products
Scottish BS 80% (DPP) 80% Flexible Foundations 5.99%
Vernon BS 75% (DPP) 80% Four Wall plate 5.25%