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Hello, We're very new to the self build world and are seeking some advice! We have the opportunity to convert some old stables on my parents land into a new house. My parents have said that they will sign the land over to us. We would be looking to start building work in just over a year's time - giving us time to find an architect, get planning permission and approve the plans before we relocate. We currently have a traditional mortgage on our terraced house that we plan to sell to release some capital (estimated at around 130k). Once all the plans were sorted in 12 months time we plan to pack in our jobs and relocate into an existing property on my parents land to start the build. We would then get new jobs close to my parents location. We've had an informal chat with an architect (who although not from the area) has provided a guestimate figure of around 300k to convert the property. Neither of us are great DIY-ers so we wouldn't want to commit to doing the project ourselves although we'd be happy to labour etc. We're now starting to feel this project will fall at the first hurdle as we've learnt it's not as simple to relocate and expect to get finance to fund the shortfall Despite having good credit history and not failing on our current mortgage payments, we would both have new jobs in a new area. We don't relish the idea of starting the project without having finance to complete it. We've gone through the RIBA service who've shortlisted some architects for us (and we've got excited seeing their portfolios) but we don't want to waste time contacting firms if there's not way we can make this work. Does anyone have any experience / advice on relocating to a new area and obtaining finance to complete a self build project? Or do we just have to sit it out and wait for at least 6 months until we can apply for credit or a self build mortgage? Thanks for any help or advice....
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- relocating
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