Self Build Large Loan Mortgage
Initial rate
4.49% (variable)
Then reverting to our SVR minus 1.00%
5.19%
Product period
24 Months
Arrangement fee
0.5% of loan
LTV rate
75.00%
APRC
5.20% APRC
Notice of upcoming system upgrades:
We will be carrying out system upgrades on Saturday 13 August and Sunday 14 August. During this period, our Online Mortgage Portal and registration pages will be unavailable. All systems will be back to normal on Monday 15 August. We apologise for any inconvenience that this may cause.
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.
We have enhanced our offering with a Self-Build Large Loan range, available to self-builders who require a larger loan size of up to £2,000,000 to fund their project. Anything above this figure will be assessed on a case-by-case basis and bespoked. LTVs, fees and terms all match our standard self build products, in addition to the criteria below.
4.49% (variable)
5.19%
24 Months
0.5% of loan
75.00%
5.20% APRC
4.69% (variable)
5.19%
24 Months
0.5% of loan
80.00%
5.30% APRC
3.99% (variable)
5.19%
24 Months
0.5% of Loan
80.00%
5.00% APRC
3.79% (variable)
5.19%
24 Months
0.5% of the loan
75.00%
4.90% APRC