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.


Our mortgages

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Buildloan Low LTV (60%) Self-Build Mortgage with Fee Incentives (£150,000 - £700,000)

Initial Interest Rate

5.95%

Maximum Loan To Value (LTV)

60%

Overall Cost for Comparison

8.00%

Product Code

IP277

The following is a representative example based on a mortgage of £160,315 payable over 25 years initially on a discounted variable rate of 5.95% for 2 years, a further discounted variable rate of 7.24% for 4 years, followed by our Standard Variable Rate of 8.49%. In this example you would make 24 monthly payments of £1,028.02, 48 payments of £1,150.12 and 228 monthly payments of £1,258.74. This example assumes the repayment method is capital and interest.

The total amount payable would be £368,972.54 made up of the loan amount plus interest of £206,555.96 and the following costs, a Scheme Fee of (£801.58), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£505.00), a Packager's Fee (£695.00), and a Mortgage Exit Administration Fee (£75.00).

The overall cost for comparison is 8.0% 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

6.40%

Maximum Loan To Value (LTV)

80%

Overall Cost for Comparison

8.10%

Product Code

IP227

The following is a representative example based on a mortgage of £160,315 payable over 25 years initially on a discounted variable rate of 6.40% for 2 years, a further discounted variable rate of 7.24% for 4 years, followed by our Standard Variable Rate of 8.49%. In this example you would make 24 monthly payments of £1,072.46, 48 payments of £1,152.91 and 228 monthly payments of £1,261.79. This example assumes the repayment method is capital and interest.

The total amount payable would be £371,680.84 made up of the loan amount plus interest of £208,451.84 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 (£75.00).

The overall cost for comparison is 8.1% APRC representative.

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

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

Initial Interest Rate

6.50%

Maximum Loan To Value (LTV)

70%

Overall Cost for Comparison

8.00%

Product Code

IP228

The following is a representative example based on a mortgage of £700,000 payable over 25 years initially on a discounted variable rate of 6.50% for 2 years, a further discounted variable rate of 7.24% for 4 years, followed by our Standard Variable Rate of 8.49%. In this example you would make 24 monthly payments of £4,726.45 payments of £5,036.68 and 228 monthly payments of £5,512.34. This example assumes the repayment method is capital and interest.

The total amount payable would be £1,617,363.96 made up of the loan amount plus interest of £912,008.96 and the following costs, a Scheme Fee of (£3,500), 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 (£75.00).

The overall cost for comparison is 8.0% 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 - £700,000)

Initial Interest Rate

7.34%

Maximum Loan To Value (LTV)

80%

Overall Cost for Comparison

8.70%

Product Code

IP229

The following is a representative example based on a mortgage of £160,315 over 25 years initially on a discounted rate of 7.34% for 2 years followed by our Standard Variable Rate of 8.49%. This example you would make 24 monthly payments of £1,168.08 and 276 payments of £1,283.41. This example assumes the repayment method is capital and interest.

The total amount payable would be £383,555.08 made up of the loan amount, plus interest of £221,940.08, a Funds Transfer Fee (£25.00), Valuation fee (£505.00), a Buildloan Arrangement fee (£695.00), and a Mortgage Exit Administration fee (£75.00).

The overall cost for comparison is 8.7% 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

7.04%

Maximum Loan To Value (LTV)

80%

Overall Cost for Comparison

8.30%

Product Code

IP232

Initial Interest Rate: The following is a representative example based on a mortgage of £160,315 payable over 25 years initially on a discounted variable rate of 7.04% for 2 years, a further discounted variable rate of 7.24% for 4 years, followed by our Standard Variable Rate of 8.49%. In this example you would make 24 monthly payments of £1,137,17, 48 payments of £1,156.63 and 228 monthly payments of £1,265.86. This example assumes the repayment method is capital and interest.

The total amount payable would be £374,225.40 made up of the loan amount plus interest of £211,111.40 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 (£75.00).

The overall cost for comparison is 8.3% 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

7.74%

Maximum Loan To Value (LTV)

80%

Overall Cost for Comparison

8.80%

Product Code

IP231

The following is a representative example based on a mortgage of £160,315 over 25 years initially on a discounted rate of 7.74% for 2 years followed by our Standard Variable Rate of 8.49%. This example you would make 24 monthly payments of £1,209.85 and 276 payments of £1,285.75. This example assumes the repayment method is capital and interest.

The total amount payable would be £385,203.40 made up of the loan amount, plus interest of £223,588.40, a Funds Transfer Fee (£25.00), Valuation fee (£505.00), a Buildloan Arrangement fee (£695.00), and a Mortgage Exit Administration fee (£75.00).

The overall cost for comparison is 8.8% APRC representative.

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