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GavrielGood Evening.
My name is Gavriel , I currently own two properties within London. I am thinking about taking on one last project.
I have seen some land in the North of the country for sale (around £340,000).
This land has planning permission for a large home to be built on it. The cost of building the home will be around £200,000.This will be my final home in which I plan to live in and retire.
Will it be possible to obtain a mortgage for all the costs (£340,000 + £200,000)? I understand this may be difficult as the property does not exist yet.
If it isn’t possible to get a Mortgage for the whole price would it be more realistic borrowing for the land or house build.
Can’t wait for the response.
Gavriel
EdHi Gavriel
This is quite a complicated question so the best thing will be for you to talk directly with a mortgage adviser.
You can call the freephone number above or fill in one of the quick enquiry forms at the upper right of the page.
Hope that helps
Thank you
