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Self Build Mortgages in Northern Ireland

How to get a mortgage for a property in Northern Ireland

No impact on credit score

Pete Mugleston

Author: Pete Mugleston - Mortgage Advisor, MD

Updated: August 12, 2021

We get a lot of enquiries from people who are looking for a self build mortgage in Northern Ireland and would like to know more about how they work.

Once you’ve read through the details below, make an enquiry and we can arrange for a self build mortgage advisor we work with to speak with you in more detail about self build mortgages in Northern Ireland (NI).

Can I get a self build mortgage in Northern Ireland?

Yes, this is definitely possible. Anyone who is looking to take on their own self build project in Northern Ireland should consider this type of mortgage as, perhaps, a more suitable form of lending than the traditional method.

Designed to meet the financing needs of anyone looking to build their own home, the key difference between a self build mortgage and a traditional mortgage is how and when the money you need to borrow is released.

If you need a mortgage for a self build home in Northern Ireland and would like to find out more about how much you may be able to borrow, deposit requirements and answers to a host of other questions take a look at our detailed guide on Self-build mortgages.

Are self build mortgages in Northern Ireland (NI) the same as the rest of the UK?

Yes, absolutely. A self build mortgage in NI works exactly the same way as one in England, Wales or Scotland. The application requirements and release of funds follow the same process for a self build mortgage in Belfast as in London or Cardiff.

If there is a key difference between NI and the rest of the UK it’s likely to be the number of lenders who offer self build mortgages may be much less than the rest of the UK.

In addition there may be a number of postcode restrictions put in place by certain mainstream lenders due to a lack of knowledge of the local market further impacting on the availability of self build mortgages in NI.

This means that the number of approachable lenders will be even fewer if you’re planning to build outside of the main urban areas.

Who does self build mortgages in Northern Ireland?

A number of well known, respected, lenders already offer self build mortgages in Northern Ireland and with this market expanding in 2019 these numbers are expected to grow rather than recede.

Rather than trying to scour the market yourself, it may be wiser to use one of the expert advisors we work with who will adopt a ‘whole of market’ approach, be able to identify who is offering this type of lending and locate the best self build mortgages in Northern Ireland.

We work with a number of advisors throughout the UK, including Northern Ireland, who are extremely knowledgeable about their local markets and can find the best package that suits your requirements.

If you’re looking for a self build mortgage in NI and want to receive advice from a local expert make an enquiry and we can arrange for a local expert, based near your area, to get in touch.

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Where can I get self-build mortgage advice in NI?

That’s something the whole-of-market brokers we work with can provide.

The advisors we work with are experts on self-build mortgages as well as the Northern Irish market. They can provide you with bespoke advice on your residential development project and introduce you to the lender best positioned to offer favourable rates to a borrower with your exact needs and circumstances.

Not only will they offer you guidance every step of the way, but you can also rest assured that they will track down the best deals you qualify for.

Speak to a local expert to find the best self build mortgage in Northern Ireland

Building your own home, regardless of its location, can be quite a complex affair which requires a lot of planning and understanding of the process involved.

Lots of people in your situation seek professional advice to assist them before making a final decision.

If you have questions and want to speak to an expert for the right advice, call Online Mortgage Advisor today on 0808 189 2301 or make an enquiry.

Then sit back and let us do all the hard work in finding the mortgage advisor with the right expertise for your circumstances.  – We don’t charge a fee and there’s absolutely no obligation or marks on your credit rating.

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About the author

Pete, an expert in all things mortgages, cut his teeth right in the middle of the credit crunch. With plenty of people needing help and few mortgage providers lending, Pete found great success in going the extra mile to find mortgages for people whom many others considered lost causes. The experience he gained, coupled with his love of helping people reach their goals, led him to establish Online Mortgage Advisor, with one clear vision – to help as many customers as possible get the right advice, regardless of need or background.

Pete’s presence in the industry as the ‘go-to’ for specialist finance continues to grow, and he is regularly cited in and writes for both local and national press, as well as trade publications, with a regular column in Mortgage Introducer and being the exclusive mortgage expert for LOVEMoney. Pete also writes for OMA of course!

Read more about Pete

Pete Mugleston

Mortgage Advisor, MD

FCA disclaimer

*Based on our research, the content contained in this article is accurate as of the most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs.

Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.

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