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Pocketmags Digital Magazines

New financial packages launched for self-builders

Saffron Building Society has introduced a new interest-only mortgage aimed specifically at people creating their own homes. It can be used to cover up to 65% of the plot purchase price, 100% of the construction costs and 75% of the gross development value. Tranches of money can be accessed as and when they’re required, rather than at set stages of the project. “We’ve listened carefully to the feedback of self-builders, who tell us they want to keep mortgage costs to a minimum,” says Anita Arch, head of mortgage sales at Saffron. Furness Building Society has also launched a new advance stage payment product – the only package of its kind available to those developing their own homes in Scotland. For more information on self-build mortgages, head to page 138 to read our interview with BuildStore’s Rachel Pyne.

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About Build It

The September edition of Build It magazine will help you get your self-build, renovation or extension project off on the right foot. It’s packed with inspiration and advice, including: • Britain's best self-builds and renovations (page 19) • A contemporary, low-maintenance home (page 30) • Prefab homes: The future of self-build? (page 70) • Why underfloor heating makes sense for renovations (page 73) • How to create the perfect kitchen-diner extension (page 94) • How to get value for money (page 106) … and more!