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Mansfield launches self build mortgage

Mansfield Building Society (MBS) has joined forces with BuildStore to launch a new mortgage product aimed specifically at self builders. The package works on an advance stage payment basis, so money is released at the beginning of key stages of construction. Available exclusively through BuildStore, the minimum loan amount is £25,000 and the maximum is £500,000. “By providing mortgage finance in advance of each stage of the build process, our approach should encourage more people to consider self building,” says Gev Lynott, chief executive at MBS

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About Build It

The July edition of Build It magazine brings you a wealth of information to help make a success of your self build, renovation, extension or conversion project – including: • A modern eco home built for just £77,000 (page 44) • Top flooring options (page 65) • Solar PV & battery storage (page 68) • Sliding doors vs bifolds (page 73) • 10 top tips for self builders (page 101) • Design ideas for awkward plots (page 110) … and more!