Contracts and Legalities
If you’re planning a self-build, whether a first-timer or an experienced hand, you’ll need funding in place to drive your home-building project through its various stages, and the chances are that at least part of that funding will come in the form of a mortgage, says Rachel Pyne, Operations Director at BuildLoan.
Did you know it is vital that appropriate cover is obtained for listed homes as general insurance providers may only provide enough cover for a minimal ‘standard’ rebuild, leaving you to finance the shortfall should the worst happen?
If you are a self-builder about to undertake a project involving the conversion of a barn, you need to consider the cost of and difficulty in obtaining a building warranty (Latent Defect Insurance), says Rosita Mendonca from BuildSafe – a leading building warranty insurance provider.
Self-build projects account for 7 to 10% of new housing in England each year (around 12,000 homes); a figure dwarfed by 80% in Austria and 60% in France. Barriers to self-build in England include; lack of available financing, planning and regulation processes as well as land supply and procurement. In this article Sarah Chilcott, MD of Planning Portal,...