

Mint FS service for Self Build Mortgages
Building your own home is not for the faint hearted. And on top of everything else, you’ll need to take out a special self build mortgage to finance it. We can walk you through the self-build process step-by-step, from finding land to hiring professionals to help you.



Self Build FAQs
How do Self Build Mortgages work?
As you might expect, self build mortgages work differently from house purchase mortgages. Rather than getting all the cash upfront, your lender will release it in stages to fund the construction. These stages might include buying the land, right through to decorating the interior – and everything in between.
To make things more complicated, your lender may want to pay after each construction stage is successfully completed. Of course, most borrowers prefer payment in advance, as it puts less financial strain on them, but not all lenders will agree to it. It’s another aspect of your planning that will need careful thinking and a thorough assessment of what your lender is prepared to offer.
Your deposit and your plans
Because self build mortgages are relatively risky for the lender you will need a deposit of at least 30% – and the most attractive deals require 40% or more.
Most lenders will also expect you to have all the relevant planning permission in place before you approach them, and to see detailed plans. They will expect you to employ professional builders and other contractors rather than doing the work yourself. It’s a good idea to build in a contingency budget of around 10% to cover the cost of any unexpected expenses.
There’s no doubt that self build mortgage projects can involve extra risks and headaches. But with the kind of clear planning Mint FS offers, you’ll be more likely to achieve your dream home and enjoy the rewards
Mint Specialist Services
Bridging Loans
A bridging loan or bridge loan is a short term loan given to ‘bridge the gap’ between you buying a new house and selling your previous house.
Secured Loans
Secured loans – also known as homeowner loans, home loans or second-charge mortgages – allow you to borrow money while using your home as ‘security’ (also called ‘collateral’). This means the lender can sell your property if you aren’t keeping up with repayments, as a way of getting their money back.
Expat Mortgage
An expatriate (often shortened to expat) is a person either temporarily or permanently residing in a country other than that of their citizenship
Portfolio Mortgages
There are now 2.5 million landlords in the UK and successful investors have been able to establish a Buy to Let portfolio of a number of properties. But changes by the Prudential Regulation Authority have introduced new checks for Buy to Let portfolio mortgages.
Offset Mortgages
The idea behind an offset mortgage is simple and straightforward. By linking your mortgage and your savings, you can bring down the cost of your loan. This is because rather than earning interest, your savings reduce the amount of interest you pay on your mortgage.
Self Employed Mortgages
ne of the misconceptions about the mortgage market is that it is now very difficult for self employed people to get a self employed mortgage loan in order to buy a home. It’s certainly true that one type of mortgage used by the self employed in the past (self certification mortgage) is no longer available – but for many self-employed people, their chances of being able to borrow are still just as good as anyone else’s.
Contractor Mortgages
Being a contractor can offer you flexibility and independence, but also uncertainty – especially when buying a home. But as the number of freelancers and independent contractors in the UK climbs, don’t despair – many mortgage lenders could be willing to lend to you, even if your income jumps around.
Self Build Mortgages
Building your own home is not for the faint hearted. And on top of everything else, you’ll need to take out a special self build mortgage to finance it. We can walk you through the self-build process step-by-step, from finding land to hiring professionals to help you.
Private Bank Mortgages
Many borrowers needing a larger loan are unaware of the bespoke offerings that private banks have. With a product specifically tailored for you and your income, you may be surprised what our relationships in this area can achieve.
Commercial Mortgages
Are you looking to expand your business? Have you realised that the cost of renting has become too great? If so, you might find that a commercial mortgage can offer business finance options you weren’t aware of. Here’s everything you need to know.