First Trust Bank Guide to Self-Build Mortgages
Use our Mortgage Calculator
You can apply for up to 75% of the final value of the property. Find out how much you can borrow with our mortgage calculator.
Meet a Mortgage Adviser
Talk to a First Trust Bank Mortgage Adviser to discuss the self-build process. They will 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. Think about extra costs such as solicitor fees, valuation fees and Stamp Duty Land Tax, and the cost of furnishing and decorating your new home. Our independent Self-Build Specialist will verify projected costs and help minimise over-spending during the build.
Arrange Insurance Cover
You need to have self-build insurances (property under construction insurance and public and employee insurance) in place before you can draw down your mortgage.
Once approved, self-builders can draw down their mortgage in up to 4 stages within a maximum of 18 months – allowing you to borrow only what you need across the period of the build.
- 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