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  1. Hello all, First Post!! My girlfriend and I have our properties on the market, with the mortgage in principle and our equity we are looking at a sum of £600k very max. with almost 50% deposit. I have found a beautiful 6 acre plot in a rural location. It has a basic structure (an old small barn) which is being used as present accommodation for the current owners and it has all utilities. I must emphasise this is very basic and small but could do for a year! The plot has PP and the footings are complete. I don’t fully agree with the house design that was submitted, but the foot print is suitable, it’s just the first floor we want to change. This is such a beautiful spot and I would love to grab it! However the plot is funnily enough £600k! I even have my doubts the bank will agree to this for the mortgage in principle. Does anyone have any experience with this? Also.. we need money to build the house, maybe another 350k… I am in no doubt that once complete, with properties to compare with in the area, we would be looking at a final property of between 1.5 - 2 million. This is for our forever home though and we are not looking to profit from the development. How on earth can we source the additional funding? Parents can’t help, are there some sorts of loans instead of a mortgage that would allow for the final build and then…?! I have no experience at this! I have a reasonable salary and my GF has an ok salary, the amount we could borrow with mortgage in principle was the most for our salaries combined. I have about £70k in shares, but am not willing to sell due to the hammering they have had this year, if I wait a couple of years I’m hoping they will be double if not more once they have recovered. So my shares are a no go at the moment. We just have no more equity.. Is it possible, or are we dreaming?
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