how custom build mortgages work

Custom build mortgages are similar to self build mortgages in that they release funds in stages, as the build progresses. Your stage payments will be tailored to your individual project.

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Custom Build

How Custom Build Mortgages Work

Your custom build home will be paid for in fixed stage payments, rather than as a single amount. The first payment will be for the plot, with the remainder at pre-agreed stages throughout the build. A cost based stage payment mortgage with guaranteed stage releases tailored to suit your fixed payment schedule is most suitable for custom build.

BuildStore’s unique cost based mortgages provide guaranteed stage payments based on your build costs either before or after each stage of works, depending on your payment schedule of your custom build home. This way you will have certainty in your budget, and peace of mind knowing you’ll have the cash you need, when it’s needed.

The right mortgage for you will depend on your individual circumstances, payment schedule and build option you’ve chosen.

Your plot will be fully serviced and ready to build on. You can coordinate the delivery of your home including design and construction to save you money or you can work with professionals to deliver your house for you.

Buying a Golden Brick plot is a simpler way to design and build your own home. The developer will take care of all the below ground works for you and the price includes additional benefits.

Often a preferred route for urban developments. You can purchase a plot and the superstructure of your new home will be built to a wind and watertight shell. This can be an apartment space, a duplex or a unit within terraced housing. This enables you to coordinate the delivery of the internal fit out and decorating.

You will purchase your plot and work with the developer to agree your preferred house design and specification. The developer will then deliver your completed new home to you.

This is where a developer has a choice of pre-approved house designs which have a range of customisable elements. Once you have chosen your preferred options the developer will build your home and deliver it to you.

With BuildStore, you’ll have access to a wide range of lenders and products, and our expert advisers will recommend the mortgage, most suitable for your needs.

custom build housing development being constructed on a large plot of land 0003

Key Features

  • Specialist knowledge & expertise
  • Exclusive products and lenders
  • Competitive interest rates
  • Interest only during the build
  • Guaranteed upfront stage payments available
  • Stay in your current home until your new home is complete
  • Stay in your current home until your new home is complete
  • Tailored cashflow to suit your project