Self Build Case Studies

Borrowing 95% on land

Self Build Mortgages Mr and Mrs Peter Boughtwood - Nordelph, Norfolk

One of the reasons that Peter & Sheila Boughtwood chose the Accelerator self build mortgage was because it allowed them to borrow 95% on the land. This enabled them to secure their plot without first having to sell their existing house.

"The Accelerator was really excellent. We were able to buy the plot and when we started the build we knew that money would always be there to meet our costs as we went along. It worked out really well. The key was the great flexibility from the Accelerator self build mortgage which suited our needs as the circumstances changed."

Paying for materials in advance

Self Build Mortgage Patrick & Rachel Conway - Pontefract, Yorkshire

The Conways knew how much they had to spend on their new home but one worry was how to manage the finances and be in a position to pay for materials and labour when they became due. They used the Accelerator self build mortgage, borrowing 95% of the build costs with the monies being paid in advance of each stage.

"We had no cash flow problems. With the advance stage payments we were able to pay for our timber frame kit at delivery as well as the materials when needed."

The ability to stay in your own home during the build

Self Build Home Mortgage Billy & Christine Miller - Burton on Trent, Derbyshire

The high level of borrowing and payments in advance under the Accelerator self build mortgage meant that the Millers had sufficient cash flow to enable them to stay in their own home when building.

"With a young family we really had to stay put during the build. The Accelerator self build mortgage was the one for us as it offered us the flexibility to remain in our existing house and money to meet our commitments right through the project."

The benefit of positive cash flow

Self Build Mortgage Cash Flow Jon & Cath Gribble - Halifax, West Yorkshire

Building their own home would have been financially difficult for the Gribbles if they hadn’t discovered the Accelerator self build mortgage.

"We could afford the house, but we couldn’t pay for it. That may sound odd, but we would have had problems with cash flow if we hadn’t found the Accelerator self build mortgage. The stage payments were made at the beginning of the stage which allowed us to meet our commitments fully as we went along. Other lenders would not have given us money in advance and quite simply we couldn’t have done it without the help of the Accelerator self build mortgage."

Funds available to purchase the timber frame kit

Self Build Timber Frame Keith & Liz Finlay - Lothians

The Findlays required suitably flexible finance for their project. This was solved by The Mortgage Shop who arranged funding through the Accelerator self build mortgage. The funds were provided just when they were needed.

"The stage payments in advance were an essential as we had to pay for our timber frame kit before delivery. The Accelerator self build mortgage ensured that there were no cash flow problems by providing payments to meet outlays as and when required."

Paying for material and labour cost effectively

Cost Effective Self Build Mortgages Stuart & Lee Jabbit - St Leonards on Sea, Sussex

Stuart Jabbit carried out most of the building works himself and benefited from the positive cash flow given through the Accelerator self build mortgage. Funds were paid over in time for Stuart to meet all his material costs and the costs of labour when needed.

"The structure of the borrowing helped to take away my doubts that I could pay for things as I went along. I had money paid in stages, and at the beginning of each stage. I could meet my commitments quite easily."

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