Amateur bob

thanks for the replies, i understand the feedback although my planning is not yet approved and neither is a mortgage and im only in a 2 bed house im realistically needing 3 bed for having another child and a 3 bed house has come available next to where i work, my thinking is if i dont take this opportunity ill end up renting somewhere i dont want to or living in a caravan for a few years? it looks like i could get a 5% isa if i lock money away for 2 years so 5% on 150k means the interest would help soften the blow, interestingly for me to build the house at current interest rates it would cost me 1100/month on a mortgage but without the interest on my money to soften the blow if that makes sense?

Interesting what if you earned 20k per annum and the 65% was higher than a 4x salarly multiple i.e 150k, would they lend u more based on the loan to value?

£1000/month

interesting that they factored in the end value as buildstore simply told me they worked on 4.3 x joint salary multiple

yes true its a numbers game i was thinking if i sold up now before the recession hits i could get more for the property and put money in a high interest rate savings account, this wold go some way to offsetting rent?

Sounds like a sizeable house? What company is that if you dont mind me asking? I was under impression the lending was based solely on income?

How do u mean overlap? From the date newbuild is started or completed?

My est build cost all.in is about 300k and id need to borrow roughly half, how much would u say % build cost to get founds done and timber shell up watertight?

Theres an intetesting point as im currently exempt

I own plot outright but only have 160k ish cash once i sell property with estimated build cost of 300kish so i will need to borrow

Thanks for the replies just to add a bit of clarity the plot is owned outright and current house is valued at 120k with 16k mortgage left to pay, i have 40k in savings also which i kept aside so i could start foundations

I currently have 16k left to pay on mortgage and house worth 120,000, i have 40k savings also and plot owned outright, not easy deciding the best route

im currently in the process of planning to build a house, their is a nice house come up for rent nearby though and i will require both the equity in my current house and a mortgage to build new one if planning passes, do lenders allow you to stay in your owned house and borrow against it for the new build or will i have to sell my current house and move into a static caravan/rented accomodation, im currently deciding which route to take so any advice would be much appreciated!

im currently in the process of planning to build a house, their is a nice house come up for rent nearby though and i will require both the equity in my current house and a mortgage to build new one if planning passes, do lenders allow you to stay in your owned house and borrow against it for the new build or will i have to sell my current house and move into a static caravan/rented accomodation, im currently deciding which route to take so any advice would be much appreciated!

Thanks that floorplan works well etc would that be an affordable design and cladding to build? It looks like you have extended the whole house for pictures e and f?

ok so in that case sticking with a sandstone cladding will help? did you see the one etc posted there i like the window panes i think theyd look more rural

Quite similar? But i like it, the way the window panes are almost makes it look more rural?

You dont like the top one? The bottom ones for sale for 850k so someone must like it

Anothet possible idea to make gable like upstairs windows and make it look less boxy in shape

Would something like this be an improvement? Windows are different and porch instead of arches

I thought about taking some more photos of similar houses locally is it ok/legal for me to submit photos of other peoples houses?

Ive had a look, never heard of this company has anyone else used them? There designs look similar to heb homes are they cheap/affordable though would be the key question?

Surely the planners would have to look upon that favourably?

Heres a house from my local, which possibly explains why my designer has added sandstone and these arches

Ok it looks like itll be at least a year before im realistically getting anywhere so ill need to try and please the planners with the design and get it passed does the design ive posted still look like a 2 storey it was meant to be 1 3/4?