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Build your own home

The Loughborough can help you turn the dream of building your own home into a reality with our Self Build mortgage which is designed for just that purpose.

Self Build can be a cost effective way to get your dream home but there is a lot to think about and plan. You can find help and lots of really useful information on this website which is produced by the National Custom & Self Build Association (NaCSBA) and endorsed by the Government.

Try our mortgage calculator

How much can I borrow?

How much can I borrow and what would it cost?

Our mortgage calculator is designed to show you how much you could potentially borrow and how much your monthly payments would be. The amount is based solely on your income without deducting household expenses and financial commitments. Your mortgage adviser will take you through the application process and will calculate the amount you can afford to borrow based on your income after the deduction of those expenses and commitments. Further restrictions may apply for specialist products.

Gross annual income

 

Mortgage details

 

Payment options

Your monthly repayments

 
Range dependent on the products in the comparison list below

Mortgages for building your own home

Variable Rate Mortgages
Product Initial rate Overall cost for
comparison
Max % LTV Completion fee Representative
Example
Mortgage
repayment

2 Year Discount

4.54% 5.0% APRC 75% £525 View
for 24 months
find out more

Representative example

A Mortgage of  £178,930.00, payable over 23 years and 9 months (285 months) initially on a discounted rate for 2 years (24 months) of 4.54%  and then on our current standard variable rate of 4.84% for the remaining 21 years and 9 months would require 24 monthly payments of £1,027.06 then 261 monthly payments of £1,055.37. The total amount payable would be £301,861.47 made up of the loan amount plus interest (£121,891.47) and a £260.00 valuation fee, £525.00 completion fee, £30.00 Chaps fee, £105.00 legal fees and £120.00 mortgage exit administration fee. The overall cost for comparison is 5.0% representative APRC.        

How to apply...

The Loughborough mortgage service is tailored to each individual and offered on a fully advised basis where applicable. Our qualified advisers will spend time with you to understand your mortgage needs and financial circumstances before recommending the most suitable solution for you.

There are a number of ways you can arrange to talk to one of our friendly team of Advisers, choose what’s best for you: