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Written on: 03.11.2009 [16:09]
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Watson
Watson
Topic creator
Posts: 1
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There's a German company called creditweb which offers loans designed for people who want to build their own house. Does anyone know if there's a UK equivalent?
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Written on: 10.11.2009 [10:24]
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Law
Law
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It's a lot more common to build a house in Germany than it is here, so the emphasis in the UK tends to be on getting a mortgage to finance a property purchase. However, there are mortgages available which are designed to enable you to build, called self-build mortgages. Unfortunately, the fact that building is less common means that they are harder to come buy. The Ecology Building Society and Lloyds TSB both offer self-build mortgages though: Lloyds offers an APR of just 3.5% while Ecology offer up to 90% Loan to Value ratio.
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Written on: 25.11.2009 [16:08]
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Mitchel
Mitchel
Posts: 3
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Go and see a mortgage advisor, I am sure there must be some kind of loop hole in the mortgage system that allows you to take out a mortgage for building a house instead of just buying one.....
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