Typical finance and repayment details for Self -Build Mortgage
Plot Value 150.000.00 Euros
Build Cost 300.000.00 Euros
Total Project Value 650.000.00 Euros (Including plot value)
Stage Payment Self-Build Mortgage @ 70% of project value = 455.000.00 Euros
If the mortgage is to be drawn in four stages;
Monthly Payment for 1st draw down (113.750 Euros) = 426.56 Euros on an Interest Only payment.
Monthly Payment for 2nd draw down (227.500 Euros) = 853.12 Euros…
Monthly Payment for 3rd draw down (341.250 Euros) = 1279.68 Euros…
Monthly Payment for final draw down (455.000 Euros) = 1706.25 Euros…Until Build Completion.
Once the build process is fully completed the mortgage will revert to Capital & Interest at a monthly payment of 2557.06 Euros
*The above example is to give guidance only, mortgages are available on all our build projects, please call our finance team for a specific quotation.