Self-build mortgages. Start with a plan for the funding.
Whether you already own a site or are still working through your plans, Eleanora helps you understand your mortgage options and how funding works through the build.
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The timing of the money matters.
A self-build mortgage usually releases funds in stages rather than one lump sum. The release schedule needs to work with the costs of your project.
After a stage is completed.
Money is released after the agreed stage is finished. You need a plan for paying the costs before that release.
Before a stage begins.
Some arrangements release funds at the start of a stage. Eleanora can check which options are available for your project.
The available options depend on the lender, your circumstances and the build. Release stages and checks vary.
Ask about funding your buildBring what you have. We’ll help with the next questions.
You can start the conversation before every detail is finalised.
Your site
Where it is and whether you own it or plan to buy.
Planning and drawings
Your current planning position and any drawings available.
Build costs
Your estimated costs, professional fees and contingency.
How you’ll build
The construction method, builder and project arrangements.
Your own funds
Savings, deposit and any equity you may be considering.
Income and commitments
Your earnings, existing mortgage and regular outgoings.
Support for the stages that take more work.
“It was a long and hard fought process but she worked so hard for us and got us there!”
“Eleanora was so professional and supported us with our self build mortgage. We would highly recommend her and we will be using her again in the future.”
Thinking about a modular home?
Your construction method and the builder’s payment schedule are part of the funding conversation. We also advise on modular home mortgages.
Explore modular mortgages
A few questions before you build.
Do I need to own the site already?
Tell us whether you already own the land or are looking for a plot. Eleanora can explain how the funding options and lender requirements apply to your plans.
How much deposit will I need?
The amount depends on your project, your finances and the lender’s criteria. We’ll talk through the funds you have available and what would be needed for the land and the build.
Can we talk before planning is finalised?
Yes. An early conversation can help you understand the funding questions before you commit further. The lender will still need the planning information and supporting documents required for your application.
Do I have to do the building work myself?
No. Self-build can involve appointing builders and trades rather than physically doing the work yourself. We’ll discuss how the project will be managed and what the lender needs to know.
What happens when the build is finished?
We can review the next mortgage step with you, including the lender’s completion requirements and any change of product. The appropriate arrangements depend on the mortgage you have and your circumstances.
Let’s talk through your plans.
Speak to Eleanora by phone, video call or at our Rathfriland office.
Call 028 4176 9769