How to Mortgage a Self-Build House or Extension in the UK

I interviewed Pat Cannon, a mortgage broker, to find out how to get a mortgage to self-build a house in the UK and also how to mortgage a house extension. Pat explains how to fund the purchase of a site and the construction costs in detail. We also discussed how to mortgage a house extension.
This isn't a paid advert, Pat has been a mortgage broker for over 25 years and I have used his services personally. He has also helped several of my clients to secure funding.
Disclaimer - The content of the video is purely for information only and does not constitute advice.
Risk warning - As a mortgage is secured against your home, it could be repossessed if you do not keep up mortgage repayments.
Patrick Cannon
FOX Private Finance
www.foxprivatefinance.com
T: 0131 510 9252
[e-mail]
#selfbuild
#mortgageadviceuk
#ukconstruction
#mortgagebroker
#mortgage
#mortgageuk
TIMESTAMPS
0:00 - What a Mortgage Broker does
0:56 - How to get a mortgage to buy a site in the UK
3:37 - Do I have to sell my current home before self-building
4:15 - How UK Self-Build Mortgages Work
5:55 - How long does it take a UK bank to approve a self-build mortgage
7:10 - Should I buy a site without planning permission
8:37 - How much can I borrow to self-build in UK
11:00 - How much deposit is needed for a self-build mortgage
13:27 - Self-build mortgage affordability criteria
14:55 - How much contingency fund for a self-build house
16:46 - How to mortgage a house extension in UK

[@TheDanny1872]

Very under rated channel. Genuinely so useful.

[@RealLifeArchitecture]

Thank you 👍

[@slavmarin7827]

thank you! very helpfule!

[@RealLifeArchitecture]

Glad you think so

[@slavmarin7827]

@@RealLifeArchitecture Because some people promote self / custom build as a budget alternative to buying a house, especially for first-time buyers. The government even offers help to-build equity loans. But apparently it doesn't work in real live for most of the people.

[@unichromeirl4453]

Thank you this has given me some substance on how to actually begin

[@RealLifeArchitecture]

I’m glad you found it useful

[@DavidW3001]

Excellent video

[@RealLifeArchitecture]

Thank you