Mortgage for building (direct labour)

[bartbridge]

Can anyone recommend (or not) any banks/finance companies/ building societies for mortgages? We're just starting the trawl around to brokers etc and want to make sure we aren't wasting time on those that generally don't specialise in the building side.

The site is owned by my OH only as we're not married and I believe that some companies don't like to deal with this kind of situation. Any info or advice is welcome.

 

[NorfBank]

Bank of Scotland don't do self builds. I presume this is the same for Halifax but am open to correction. The other main street banks and building societies offer self build mortgages.

The fact that you are not married will not affect you getting the mortgage. A lot of sites are in the name of one person only as it is part of their family land.

 

[rk80]

My sister built back in 2007 got mortgage back when they were handing them out easily, she went with first active heard there quiet good, have heard now you have to have all the ground works and foundations done before the banks will release money as not handing out 100% mortgages but these are from people building on family land. just be warned friends on mine our built up to the roof(roof not on) had been mortgage approved for €250,000 only looking for €100,000 now to complete and banks have refused them as he's in building game

 

[tester1]

Did a self build and got mortgage through EBS last year.
Go to an office though and deal through them so that when you hand in docs papers etc you can say I handed them to so and so as in my experience they had a tendency to loose things and ask for docs ten times, keep copies and make a note of times and dates you handed over docs eg pay slips, bank a/c details etc.
Apart from that they were fine to deal with.
Good luck.

 

[woodbine]

Did a self build and got mortgage through EBS last year.
Go to an office though and deal through them so that when you hand in docs papers etc you can say I handed them to so and so as in my experience they had a tendency to loose things and ask for docs ten times, keep copies and make a note of times and dates you handed over docs eg pay slips, bank a/c details etc.
/quote]

ditto. we had the same experience with EBS, although we were going through a credit union broker. we got it eventually but it was the most frustrating, stressful thing i've ever experienced. they lost every document at least once and by the time we'd get docs re-issued etc they'd lost something else. it was unreal.