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Coronavirus: important information

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Self Build Mortgages

Due to the operational challenges created by the COVID-19 pandemic, we have temporarily restricted our lending criteria and withdrawn a number of products.

Visit the FAQs for up to date details.

If you have clients with a self build project, we're the experts! We'll help you every step of the way, so you can help your clients too.

We've been lending on self build projects for a number of years, and whether it's a new build, renovation, conversion or a knock down and rebuild - we know what we're doing, and we can help you through the process too.

We'll lend on the land, consider projects which have already started and lend on MMC schemes which are BOPAS registered.

Unfortunately we cannot lend on multi-plot or group developments.

Self Build 3.99% 2 Year Discount Rate 80% LTV

  • VARIABLE RATE currently 5.24% with a discount of 1.25% until 2 years from completion date, then reverting to 4.24% (Ipswich SVR minus 1%) for 36 months then changing to Ipswich Standard Variable Rate (currently 5.24%)
  • 4.9% APRC
  • For purchase or remortgage up to 80% LTV
  • Available for self build, conversion and renovation

46056, 46057

Completion Fee Application Fee (Payable with application and non-refundable) Valuation Fee (Payable with application) Higher Lending Charge CHAPS (Fee for transfer of funds to solicitor) Maximum Loan Amount
£1,000 £199 Based on property valuation - £35 £750k

No charge for overpayments of up to 50% of original loan amount
Early repayment charge period ends 12 months from date of completion
Fee-free overpayments up to 50% of the loan
Redemption - early repayment charge is 3% for 12 months followed by 0% for 12 months

To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.

In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.

To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.

Key features of our self build mortgages

  • For purchase or remortgage up to 80% LTV
  • Loans up to £750k
  • Fee free overpayments up to 50% of the original loan amount
  • We release the money in stages so your client doesn't pay interest on the whole amount
  • We lend on the land, allowing your client to keep more of their funds back for the build
  • For renovations, conversions and knock-down and rebuilds as well as new projects
  • Available on interest-only during the build
  • Penalty-free switch to our retention range after the build is complete