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Finance

Background

In general, funding selfbuild projects has become much easier over the last fifteen years or so. Financial institutions have tailored their products to help with self build especially around making stage payments as the building progresses. This includes buying the land in the first place.

However, of course the present little glitch in the […]

Mortgages

The ECB’s flagship headquarters at Silsden

Where self build mortgages differ from normal mortgages is that the mortgage can be supplied in stage payments to coincide with the completion of parts of the project. This allows the self builder to have ongoing finance while giving the lender some protection in case of failure of […]

The Extra Cost of Green Build

For a self build project, the extent to which ‘greening’ the design of a building project increases the cost is a complex matter which depends on your priorities. It can be anything from a few percent to several hundred! Given that costs are a major issue for most people, it is important to have a […]

Financing Community Self Build

Houses at Ashley Vale community self build

The government Homes and Communities Agency have recently announced it would be making up to £30m of funding available to provide short-term project finance to help unlock group custom build – or self-build – schemes. This is intended to be a ‘pump priming’ revolving fund and details […]

Selling Assets

The obvious problem with selling assets is that they might not sell as quickly or for as much as you would have hoped and this could delay your self build project or even ruin it.

There are several ways to approach this problem:

If the main asset you are relying on selling is your existing […]

Building Costs & Management

As a very rough rule of thumb, in average parts of the UK the cost of house building (excluding the land and excluding design fees) will vary between about £1000/m² for a very simple design with no frills up to about £1,800 for a house with quite a high design standard and a high specification […]