First Trust Bank Guide to Self-Build Mortgages
Meet a Mortgage Advisor
Talk to one of our First Trust Bank Mortgage Advisors to discuss the self-build process. Our experienced advisors can answer any questions you may have and guide you through the process.
You will need full planning permission in order to get approval for a self-build mortgage.
Consult your Local Authority for more information on planning regulations in your area before you proceed with your mortgage application.
Plan Your Finances
Plan your finances before you start your build and take into account any variations that may arise. Be sure to account for extra costs such as solicitor fees, valuation fees and Stamp Duty Land Tax, not forgetting furnishing and decorating your new home.
Arrange Insurance Cover
You need to have home insurance (buildings cover) in place before you can draw down your mortgage.
Once approved, self-builders can draw down their mortgage in up to 4 stages, as your home is being built – allowing you to borrow only what you need across the period of the build.