We outline the differences between the two popular affordable housing schemes.
Do you dream of buying a plot of land and building your own home?
If the answer is yes, Newbury Building Society may be able to help you. Self-building enables you to choose exactly what sort of property you want and build it to your specifications. Around 10% of new homes in the UK are self-built.
To get a mortgage for a self-build project, speak to us to discuss your options. We’ll need to check the plans in detail before making a lending decision and because it’s likely that your project will take some time, we can arrange to release your funds in stages in line with the progress of the build.
NBS helped and supported me with a self-build project and believed in me and my project when others would not. The staff are all very polite and helpful and have provided fair and sensible flexibility around the product to suit my project - grateful for their help and I have a wonderful house now thanks to their support.
We understand that dreams need funding and we can help our customers build theirs:
- Our mortgage product is designed for self-build projects
- Funds can be released in line with the progress of the project, so you are not paying interest on funds you are not using
- Interest-only mortgage until project completion
- Help from our experienced and qualified mortgage advisers on which product is right for you and your project
Appointments are available by video call, by phone or in branch. We have Saturday appointments available and can also offer same day appointments. See our making a mortgage appointment page for further details or click contact now.
If you are new to self-building, here are some resources that you may find helpful:
|The National Custom & Self-Build Association (NaCSBA)||The official association of self-builders in the UK.|
|The Self-Build Portal||NaCSBA run, government-endorsed website and forum which helps self-builders.|
|The Self-Build Guide||This free site offers expert advice from veteran self-builders on traditional self-build projects, conversions and specialist eco homes.|
|Plot Finder||UK plot and renovation project finding service.|
|Build a Dream Self-Build Association||Membership based self-help group for self-builders.|