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Self Build Mortgages for retirees

Colin Shaw
in Self Build Mortgages

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I am in a fortunate position if recently taking early redundancy aged 54. I have a very good pension pot and plan to withdraw 25% up to individual limits next year at 55 which will pay off my existing mortgage and part of a self build. I estimate that I will have a shortfall of circa £200k on completion of the build. Has anyone got experience of self build lenders that will lend against a pension pot. Obviously post build there are several mortgage companies I can choose. Appreciate any advice or from anyone gone through similar. Many thanks..

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