Just starting on the self-build road, not a true self-build, we'll be getting a contractor.
Anyway, we'll be getting approval for our budget (€360k) but will only eventually need approx. €160k when we (finally) sell our current house. The idea would be to go interest-only initially until our house is sold, then pay off the €200k-ish off the €360k leaving us with a 'normal' mortgage of €160k-ish. LTV will obviously be to our advantage given that the house value will be much higher on completion.
So what are our options? Is there a 'best value' supplier out there for this type of scenario?
Anyway, we'll be getting approval for our budget (€360k) but will only eventually need approx. €160k when we (finally) sell our current house. The idea would be to go interest-only initially until our house is sold, then pay off the €200k-ish off the €360k leaving us with a 'normal' mortgage of €160k-ish. LTV will obviously be to our advantage given that the house value will be much higher on completion.
So what are our options? Is there a 'best value' supplier out there for this type of scenario?