Self Build mortgage with NIB

[roadrunner]

Applying for mortgage with NIB - told that until build was complete I would be put on Variable rate of 4.85% - then I could apply for the LTV when build complete.
Meeting them next week - what questions should I be asking?

 

[Eve1]

Make sure and ask them how they will give you your stage payments. Some banks hold a big chunk back until build is finished, which leaves you with a problem finishing. Our engineer was the one who put down the amounts required for each payment but we still had a problem finishing.
I know some people end up getting loans to cover themselves but that means you have to allow for paying interest in your budget.