How do lenders value each stage of a self build?
We are looking at a self build mortgage where the mortgage company will value at each stage and then pay 75% of the value, but we’re not quite sure what that means. How do companies usually go about valuing a half built house? Cash flow is imperative to the build process. They will lend 75% […]
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Retrospective planning for Velux windows
Our plans were passed in 2008. In 2011 we put the footings in. In August 2013 we started our build. Since then, we’ve had problems with the planning office – mainly due to us putting a sunroom on the rear of the property. Although we had put the footing in back in 2011, the sunroom […]
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Is the removal of asbestos classed as zero-rated for VAT?
I have a large shed on my site with a corrugated asbestos roof that needs to be removed before the wooden walls can be taken down. I have been quoted £1,500 + VAT by two local companies to undertake the removal and disposal of the asbestos roof. As I am undertaking a qualifying new self-build […]
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Should I go for an annexe or an extension for planning?
My husband and I are buying a house with my daughter and her family. We plan to rebuild the garage and other rooms which already have planning and add a new bedroom, ensuite and study which doesn’t. The property is in an area of outstanding natural beauty so we cannot use permitted development rights. Can […]
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Can I insure my caravan while I live on site?
We are currently living in a caravan while I carry out the renovations on our newly purchased house (complete rebuild). However I am struggling to find an insurance company that will cover the caravan. The firms I have spoken to so far (the regular companies) are unwilling to provide insurance as the caravan is not […]
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What can I do if build costs per square metre are too high?
At the time of buying land, we had to make some fag-packet calculations to determine the feasibility of our land/build budget. We estimated that we could build a 250m2 home by looking at the guides in Build It magazine, as well as other advice that followed similar lines. But now that we have the land […]
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