I have always wondered why so few people self-build their own one off homes in the UK. To find out, I recently interviewed Pat Cannon, a mortgage broker in Edinburgh, about how self build mortgages work in the UK. You can watch the full interview on the Real Life Architect forum https://www.reallifearchitect.co.uk/forum/uk-homeowners-area/mortgages-for-a-self-build-home-or-for-house-extension-uk
If you want to know more, please contact Pat;
Patrick Cannon
FOX Private Finance
www.foxprivatefinance.com
[email protected]
This video is sponsored by Sunflex UK - Check out this video I made taking a deep dive into their aluminum doors and windows, including costs. https://youtu.be/OWjxgId95mQ
If you would like to book a consultation with me you can do so here - https://www.reallifearchitecture.co.uk/online-services
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TIMESTAMPS
0:00 - How Many People Self-Build their Homes in the UK
1:30 - Why do so few people in the UK self-build their own homes?
2:47 - Can a self-build mortgage be used to buy a site?
3:54 - Why it might be easier to buy a site with cash
6:02 - What is the difference between a self-build mortgage and a regular mortgage?
6:44 - How Council of Mortgage Lenders CML Forms Work for Self-Build in the UK
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