Self Build Mortgage
Initial rate
4.19% (variable)
then reverting to our SVR minus 1.00%
4.39%
Product period
24 Months
Arrangement fee
1% of Loan
LTV rate
80.00%
APRC
4.70% APRC
Available to self-builders who want to buy a plot of land to build a new house or refurbish an existing structure for their own occupation.
Does your client dream of starting from scratch, buying a plot of land and building their own home? Or perhaps they're looking to find a place that needs a complete refurbishment where they can put their own stamp on it. At Saffron, we understand dreamers and that is who our self-build mortgage is designed for.
Because it’s likely that a self build project will take shape over a period of time, we’ll release the funds in stages, in line with the progress of the build. An added benefit is that we allow the option to repay interest-only until the project is completed.
Custom build homes are self-built homes that are facilitated by a professional developer. They offer the chance to have a unique property that suits an individual’s lifestyle and preferences but minus the high degree of involvement associated with traditional self-builds. Custom building can describe a single one-off home commissioned by an individual and built by a developer, or a group of homes built by a developer but offering the future occupants the chance to tailor the design.
4.19% (variable)
4.39%
24 Months
1% of Loan
80.00%
4.70% APRC
3.99% (variable)
4.39%
24 Months
1% of the loan
65.00%
4.60% APRC