Compare Self Build Mortgages

Find the self build mortgages that will help you cut the cost of building your own house in minutes with the help of our comparison of the deals on offer from all the self build mortgage providers in the UK. We make finding the best self build mortgage rates quick and hassle free so you get the cheapest build a house mortgage you possibly can.
Do you have a question?
Progressive Building Society 2 Year 1.00% Discount Tracker Self Build
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
60%3.75% variable
for 24 months
4.75%4.9% APR
 
Bank of Ireland 2 Year BBR+3.75% Self Build Tracker
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
75%4.25% tracker
until 31 Jul 2015
4.49%4.6% APR
 
Melton Mowbray 3 Year 0.60% Discount
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
75%4.39% variable
for 36 months
4.99%5.1% APR
 
Progressive Building Society 2 Year 0.25% Discount Tracker Self Build
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
75%4.5% variable
for 24 months
4.75%5.1% APR
 
Melton Mowbray 3 Year 0.10% Discount
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
75%4.89% variable
for 36 months
4.99%5.2% APR
 
Melton Mowbray 3 Year 0.10% Discount Advance Product
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
75%4.89% variable
for 36 months
4.99%5.3% APR
 
Melton Mowbray 3 Year 0.10% Discount Advanced
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
75%4.89% variable
for 36 months
4.99%5.3% APR
Available via brokers only.
 
Melton Mowbray 3 Year 0.10% Discount
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
75%4.89% variable
for 36 months
4.99%5.3% APR
Available via brokers only.
 
Norwich & Peterborough Building Society 2 Year BBR+4.39% Self Build
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
80%4.89% tracker
for 24 months
4.99%5.2% APR
 
Cumberland Term SVR + 0.50% Self Build Local Area
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%4.99% variable-5.3% APR
Available in branch only.
 
Holmesdale Building Society Term SVR
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
70%4.99% variable-5.6% APR
 
Loughborough Term SVR Self Build Local
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
75%4.99% variable-5.2% APR
Available for existing customers only. Such mortgages might not be listed on the lender's website.
 
Halifax 2 Year BBR+4.89% Self Build + Cashback
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
75%5.39% tracker
for 24 months
3.99%-
Available via brokers only.
 
Chorley Building Society Term SVR
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
80%5.49% variable-5.9% APR
 
Holmesdale Building Society Term SVR + 0.50%
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
70%5.49% variable-5.5% APR
 
Ipswich Building Society Lifetime Variable Self Build Local
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
75%5.49% variable-5.8% APR
 
Halifax 2 Year 5.59% Fixed Self Build + Cashback
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
75%5.59% fixed3.99%-
Available via brokers only.
 
Hinckley & Rugby Building Society Term Standard Self Build
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
80%5.64% variable-5.9% APR
 
Furness Building Society 2 Year SVR + 0.55% Self Build
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
80%5.99% variable
for 24 months
5.44%5.8% APR
 
Scottish Building Society 3 Year SVR + 0.70% Self Build
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
80%5.99% variable
for 36 months
5.29%5.7% APR
 

Your home may be repossessed if you do not keep up repayments on your mortgage.

We provide an independent comparison service free of charge but we may receive a commission from some of the companies we refer you to. These are displayed with blue product names.

Get our free money saving newsletter
Join over 450,000 other subscribers who grab our expert money tips, unmissable money guides & hottest bargains each week in our special email...
Keeps one in touch with the latest new offers
John R.

Self Build Mortgage Guide

What you need to know about self build mortgages if you're planning to construct your own property.

Tape Measure

The main difference between a self build mortgage and a house purchase mortgage is that with mortgages for self build, money is released in stages as the build progresses.

Some self build mortgage lenders will lend you money to purchase land, typically 75% of the purchase price or value, whichever is lowest.

Similarly you can usually borrow up to 75% of the cost of building your house as the project progresses, released in phases designed to mirror the building process and duration. Money is usually released in five stages:

  • Purchase of the land
  • Foundations completed
  • House shell completed
  • Plastering and 1st and 2nd fix (plumbing and electricity).
  • Following completion and independent valuation

These stages can be either fixed or flexible depending on your mortgage and individual self build mortgage providers, with the money released at the end of each stage or at the start of each stage.

Arrears stage payment

In arrears stage payment, the money for that stage is released after each building phase has been completed and a value has been established.

This can cause some self builders to have cash flow difficulties so is usually only a viable option if you have sufficient savings, other money coming in or other financial arrangements in place.

Whether arrears stage payment is the best self build mortgage option for you will depend on your circumstances, and also the size of the project undertaken (the cost of each building phase).

However it allows mortgage lenders to assess their investment on an ongoing basis, so can lead to cheaper self build mortgage rates if the build goes well.

Advance stage payment

The advance stage payment method releases the money required for each stage before work starts.

Advance payment mortgages have become very popular as they give positive cash flow during the build and make it easier to stay in your current house while the build progresses.

The stages of a build depend on whether or not you are building a traditional (brick and block house), a timber frame construction or if you are renovating or converting an existing property.

Therefore every mortgage for self build takes into account the type of project, which can affect lenders’ willingness to offer advance stage payments, and their interest rates and monthly repayments.

Mortgages Comparison