Let us help you build your dream home

A self-build offers the opportunity to design and build the home of your dreams. From laying the foundations to adding the finishing touches, we have a mortgage that will help you every step of the way.

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.

 

Planning Permission

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.

 

Stage Payments

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.

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Features and Benefits of a First Trust Bank Self Build Mortgage

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    No Application or Booking Fees

    A self-build mortgage will not incur an application fee, or a booking fee if you want to secure a particular fixed rate mortgage deal.

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    Repayment Terms of up to 35 Years

    Repayment terms of up to 35 years may be available to you.

     

    Useful Information

     

    • What you can borrow will depend on what you can comfortably afford to repay monthly, this may vary depending on individual circumstances

     

    • You will need to be over 18 and security will be required before you can obtain a mortgage

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Talk to us

 

Speak to a mortgage advisor today. They’ll explain exactly what’s involved, and answer any of your questions.

Call us on 028 9082 1655, request a callback or drop in to any First Trust Bank branch.

Representitive example

 

  • Loan value: £147,357
  • Loan term: 29 years
  • Loan Type: Standard Variable Rate
  • Initial monthly repayments: £762.05
  • Standard variable rate: currently 4.45%
  • APRC (annual percentage rate of charge): 4.7%
  • Number of monthly instalments: 348
  • The following fees are included in the calculation for this example:
    • Funds transfer fee, £30;
    • Mortgage exit fee, £55;

If the rates do not vary during the term of the mortgage, the total cost of credit (the total amount repayable less the amount of the mortgage) would be £118,121. This means that the borrower would have to pay a total amount of £265,478.40. Home insurance is required.

Help and guidance

 

General Information about First Trust Bank Mortgages

 

Frequently asked questions

Whatever your mortgage question, you can bank on us

 

Tariff of Mortgage Charges

Your mortgage fees and charges explained

Important information

 

First Trust Bank reserves the right to withdraw or amend products at any time. Loans are granted subject to an appraisal of the applicant's financial standing. Applicants must be 18yrs or over. Minimum mortgage amount £25,000. Lending criteria, terms and conditions apply. An independent valuation will be required. Your mortgage will be secured against the mortgaged property. Primary residence only.