NEW! Online Quotation Tool - Takes less than 90 seconds and no credit checks!

AIMS Independent Mortgage Solutions

Self Build Mortgages

Self Build Mortgages in Northern Ireland

Self Build Mortgages Belfast

Last Updated: 14th May 2024

Are you considering building your own home from the ground up? Self-build mortgages offer an exciting avenue to turn your vision into bricks and mortar. But what exactly are self-build mortgages, and how do they differ from traditional mortgages?

Self-build mortgages are tailored financing solutions designed specifically for individuals or families embarking on the journey of constructing their own home. Unlike traditional mortgages that are typically used to purchase existing properties, self-build mortgages provide the funds needed to cover the various stages of building a new home, from purchasing land to completing construction.

What sets self-build mortgages apart is the level of customisation and control they offer. With a self-build mortgage, you have the freedom to design a home that perfectly suits your needs, preferences, and lifestyle. Whether you dream of a contemporary urban oasis or a cosy countryside retreat, the possibilities are endless.

Beyond customisation, self-build mortgages can also offer potential cost savings compared to buying a pre-built home. By managing the construction process yourself, you can have greater oversight of expenses and potentially avoid paying premiums for features or finishes that don’t align with your vision.

But perhaps the most rewarding aspect of choosing a self-build mortgage is the satisfaction of creating your dream home from the ground up. From laying the foundation to selecting the final paint colours, every decision you make brings you one step closer to turning your vision into a reality.

Understanding Self Build Mortgages

A self-build mortgage is a type of loan specifically designed to finance the construction of a new home. Unlike traditional mortgages that are used to purchase existing properties, self-build mortgages provide funds at different stages of the construction process. Typically, the funds are released in stages as the project progresses, such as purchasing land, laying foundations, completing the shell of the building, and finishing interior work. This staged release of funds helps to minimise financial risk for both the borrower and the lender, as funds are only drawn down as needed to cover construction costs.

Eligibility criteria for obtaining a self-build mortgage:

To qualify for a self-build mortgage, applicants must meet certain eligibility criteria, which may vary depending on the lender. Key factors that lenders typically consider include:

Credit Score: Lenders will assess the applicant’s creditworthiness by reviewing their credit score and credit history. A higher credit score demonstrates a strong track record of managing debt responsibly and may improve the applicant’s chances of approval.

Income: Lenders will evaluate the applicant’s income and financial stability to ensure they can afford the mortgage repayments. This may include regular employment income, self-employment income, rental income, or other sources of income.

Planning Permission: Before applying for a self-build mortgage, applicants must obtain planning permission from the local authorities for their proposed construction project. Planning permission ensures that the project complies with zoning regulations and building codes.

Deposit: Self-build mortgages typically require a larger deposit compared to traditional mortgages. Lenders may require a deposit of 20% to 25% of the total project cost, although this can vary depending on individual circumstances and lender requirements.

Our Expertise

At AIMS-NI, we take pride in being your trusted partner on the journey to realising your dream home through self-build mortgages. Here’s what sets us apart:

When it comes to self-build mortgages, AIMS-NI stands out for our unwavering commitment to providing tailored solutions that meet the unique needs of our clients. Unlike traditional lenders who may offer generic mortgage products, we specialise in self-build financing, ensuring that you receive the specialised expertise and support you need throughout the construction process.

With years of experience in the mortgage industry, our team at AIMS-NI has the knowledge and expertise to guide you through the complexities of self-build financing. Whether you’re a first-time builder or an experienced homeowner, we’ll work closely with you to understand your goals, assess your financial situation, and develop a customised mortgage solution that aligns with your vision and budget.

At AIMS-NI, we believe that one size does not fit all when it comes to mortgage financing. That’s why we take a personalised approach to every client we serve, taking the time to listen to your needs, answer your questions, and provide tailored guidance every step of the way. Whether you’re seeking competitive rates, flexible repayment options, or expert advice, you can trust AIMS-NI to find the best mortgage solution for your unique circumstances.

With AIMS-NI by your side, you can embark on your self-build journey with confidence, knowing that you have a dedicated team of professionals supporting you every step of the way. Experience the AIMS-NI difference today and let us help you turn your dream home into a reality.

Partner with AIMS Today

In conclusion, self-build mortgages offer a unique opportunity to build your dream home exactly as you envision it.

With our expertise in self-build financing, and commitment to finding the best mortgage solution for your unique circumstances, we’re here to support you every step of the way.

With AIMS-NI, you can trust that you’ll receive the guidance, support, and expertise needed to bring your vision to life.

Don’t wait any longer to start building your dream home. Contact us today to take the next step towards homeownership and let AIMS-NI help you turn your dreams into reality.

AIMS - Self Build Mortgages Top Tip - Mortgages Brokers Belfast



Mortgage Helper

Simply fill out the quote form below and let our advanced matching system do the work for you.

Remortgage Helper

Simply fill out the quote form below and let our advanced matching system do the work for you.