Self Build Large Loan Mortgage
Initial rate
4.49% (variable)
Then reverting to our SVR minus 1.00%
4.79%
Product period
24 Months
Arrangement fee
1% of loan
LTV rate
75.00%
APRC
4.90% 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.
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)
4.79%
24 Months
1% of loan
75.00%
4.90% APRC
4.69% (variable)
4.79%
24 Months
1% of loan
80.00%
5.00% APRC
4.19% (variable)
4.79%
24 Months
1% of Loan
80.00%
4.90% APRC
3.99% (variable)
4.79%
24 Months
1% of the loan
75.00%
4.80% APRC