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Self Build Mortgages

People self build for many different reasons. The majority of self build houses you will read about are the large scale projects - each person creating their vision of a dream home and their secret ambition to be their own property developer or simply as a way to make money. A self build homes no small task and will take several months to complete.

Self build homes account for around 13 percent - over 20,000 of all residential properties built each year.

The most common house to be self-built is a detached home. On average, at the end of the build, a property appreciates by 25 to 30 percent.

A new self build home is zero-rated for VAT. Other tax advantages for the self builder include exemption from capital gains tax when the self build home is sold.

Land for sale is subject to Stamp Duty Land Tax, and only if the purchase price is above the £120,000 threshold, £150,000 in disadvantaged areas.

A building plot for sale can take up to 35 percent of the total budget of the self build. And beyond planning, locating and buying a building plot for sale is the first step in realising a self build home - and arguably the hardest and most important.

Building plots for sale with planning permission can be very expensive, however plots for sale without planning permission can offer a big saving, but there are no guarantees that permission will be granted.

Plots for sale next to an existing development may increase the likelihood of planning permission being granted. You may also benefit from already established communications and have easier access to services including electricity and water.

When searching for building plots for sale, the Internet contains a wealth of information on locating plots for sale. From subscription service websites, email alerts when plots come on the market, the Internet has the most up to date information on availability.

 
Alternatively, here are some links to other popular providers of Mortgage Protection Insurance:
UK Mortgage Lenders and Mortgage Brokers
Looking for a mortgage or keeping an eye on the mortgage market? Then the following listings should be able to assist you in finding the right mortgage to suit all property or financial requirements.
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