Hi, sorry I can't help but can you put a few paragraphs, even after a two sentences. It's too difficult to read.hi there I am finding it difficult to get a Mortgage for my self build, the bank want me to sell my house and go rent which is crazy going on the way the rental market is at the moment. between equity in my home and savings I can come up with 50% of the cost of the build. the bank seems to want me to apply for the full amount to build and finish the house or leave them with something they can sell should it go wrong that's understandable. so to my question do I start the the build getting an engineer to certify each stage going as far as I can and get a mortgage to finish the house. I had thought about putting up a logcabdin type of thing to live in while the build is going on but I have learned that I probably will need planning permission for that. I really don't know what to do next, I own the site and has full planning permission on it, tuff pile to swallow maybe sell it. I look forward to any input thanks
Have you talked to only one bank?the bank want me to sell my house
that would mean that I would need mortgage in place. will a bank come on board if the house has ground work done block work started with a surveyor certifies each stageWill they not offer you stage payments. You fund each stage up front. A surveyor then certifies each stage as you move along? They release the funds. Foundation....Walls......Roof etc?
I get what you are saying they would do the same job mobile home would be a cheaper option specially as it would not be a permanent thing, do you know anyone that has experience doing this.A mobile home on site is a popular option rather than a log cabin.
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