Mortgage on site only

selfbuildkk

Registered User
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50
Hi firstly I hope Im posting in the right section, mods feel free to move. What I am wondering is whats the story when you want to borrow money just to buy some land. At this point in time im searching for land to build a house, with site being so expensive (am looking for a min of three acres in south kk as keep our own horses) I was hoping to buy the land now and build later. I was told by a few people that it would end up being a personal loan at a very high rate and have googled for info but found nothing.

Not in any rush to build as living quite comfortably in tied accommodation with work and would like to save as much as possibly reducing the eventual amount needed to build and mortgage overall. its quite difficult to rent land down here and youre always wary of it not being your own land to do with as you wish, any advice or info is greatly appreciated.thanks
 
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