Large house structure

The main difference between self build mortgages and custom build mortgages over a traditional mortgage is that the money is released in stages as the build moves forward, rather than as a single amount.

Lenders will release funds for clients to buy land, subject to the plot having a minimum of outline planning or permitted development rights.

Typically 20% cash deposit is needed against the cost of the whole project (purchase of land & build costs). However there are lenders that will allow a lower deposit and we can fund projects with a deposit as low as 5% of the overall cost.

Those who already own land and have detailed planning agreed can use the plot value to draw funds on day one of the build and we can source solutions up to  100% of Build costs

Funds can be released in advance or in arrears of each build stage. The cash flow of your project will dictate our recommendation to you.

A Self Build, Custom Build or Conversion is a lot more complex than a standard purchase. Here at Mayflower we understand the importance of cash flow, therefore we help ensure you have enough money to fund your project day to day with no delays. We understand the importance lenders place on certain areas of underwriting such as  location of the plot, affordability, income & construction method.


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