scottishjohn

self build type mortgage on a rebuild of derelict house?

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Is this possible --someone making me offers for one of my ruins, but needs finance

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Ecology do what looks very much like the self build mortgage but for renovations. The other issue is whether it's classed as a renovation or new build from the point of view of the VAT.

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We are looking at Hanley Economic Building Society for our self build mortgage they do offer for renovations too, I would love to hear from anybody with experience of using them?

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Thinking outside the box. 

Can you afford to not have the money in one lump. 

You could in effect supply the finance to buy your own plot of you, monthly mortgage payments to you instead of a lump sum. 

 

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9 minutes ago, Russell griffiths said:

Thinking outside the box. 

Can you afford to not have the money in one lump. 

You could in effect supply the finance to buy your own plot of you, monthly mortgage payments to you instead of a lump sum. 

 

I could to a point

could get very messy if they have other life problems ----

not even sure you could write a water tight agreement these days so you could repossess it if it all went wrong  in a reasonable time .

certainly could not afford to wait 20 years --I might be dead b y then 

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