Self Builders and Renovators

Whether self building or renovating an existing property, a Freestyle Mortgage can give you the flexibility you need to achieve your dream home.

Top Benefits

• Lending based on what you can afford
• Instead of lending you the full sum at the beginning, we release the funds in sensible, manageable stages according to your project
• Flexible underwriting - we treat every project as unique - read our Frequently Asked Questions or submit your own to our expert underwriter
• Option to Credit re-assess on completion of the build - this could enable you to review your mortgage terms to lower your loan to value
• Flexible features - Cash Reserve, Overpayments and Payment Holidays.

The facts

• We will only lend up to 90% of the projected valuation of the property
• We lend on land up to 75% of its value, as long as you have all the necessary permissions in place
• You must use a surveyor from our panel of surveyors. There will be an initial valuation fee and valuation administration fee and a property re-inspection fee, currently £55, will be payable for each time they re-inspect the property on our behalf.

If you need to borrow more to add the finishing touches to your dream home, you could use our Cash Reserve feature.

Top Benefits

• Borrow up to an additional £30,000 for any purpose
• Chose what term you want to pay the money back over - from 1 year to the term of your mortgage - it's up to you
• Borrow at mortgage rates.

The Facts

• Additional borrowing is subject to available funds in your Cash Reserve or Prepayment Reserve
• Minimal additional borrowing amount is £1,000 and fees may apply
• Extra borrowing will increase your monthly repayments, the interest you pay and the total amount secured on your home.