| Self Build Mortgages Once
you have found your land the next thing that you need is a flexible self
build mortgage. There are now mortgages on the market that cater for self
building. These mortgages allow you to borrow up to 95% of the land and the build costs.
This type of mortgage releases money at the start of each stage of the
build so therefore allows good cashflow during the build. So if you are
building with a timber frame, the accelerator mortgage releases funds when
you need to pay for the timber frame. |
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Building Site Insurance During
the building stage you must have insurance to cover the normal perils
associated with building sites. This is to cover not only theft and damage
to the shell of the house but you need legal cover and for any personnel
injury to tradesmen and the general public. Building
site insurance
Building Warranty There
is now an alternative to the NHBC and Zurich Municipal warranties. Building
warranty and guarantee click for more information. |