EP: 2196
How to get a Mortgage for a DIY Home Build ⎥ Ep. 2196
Building your own home sounds like a dream, but getting the bank on board is often the hardest part.
In this episode, Ed and Andrew break down exactly how to secure finance if you want to go DIY, including what deposit you’ll need, how the money gets released, and the big risks banks worry about.
You’ll learn:
-Why most banks get nervous when you pick up the hammer yourself
-The 3 key risks (completion, compliance, and valuation) you’ll need to manage
-Practical strategies that make banks more likely to say yes
If you’re considering building your own home, this episode gives you the tools to understand how lenders assess the risk — and how to set yourself up for success.
Looking to calculate and compare your mortgage repayment options? Use our mortgage calculator to find out your potential monthly payments.