HOW MUCH CAN YOU BORROW?

  • Up to 75% of the completed property value (subject to criteria)
  • Further cash as your home nears completion
  • Minimum loan of £50,000
  • Maximum loan of £500,000

WHAT'S GREAT ABOUT THIS MORTGAGE?

  • Staged payments to help buy plot and complete construction
  • We'll plant 40 trees over 5 years when you take out this mortgage 
  • Fixed interest rate for first five years
  • Option to overpay or underpay (subject to terms and conditions)
  • Make capital repayments up to 10% of the loan or £10,000 a year (whichever is the lower) without charge

SOME THINGS YOU NEED TO KNOW

  • £895 product fee
  • Rate changes to our standard variable rate after five years
  • Early Repayment Charge if you repay in full within first five years or if you repay over 10% of the loan  (or £10,000) in each year

COULD BE IDEAL IF YOU…

  • Like the idea of building your perfect home
  • Converting or renovating a building
  • Like to know you're making a difference to the environment
  • Want the potential to save money on home energy costs
Current Rates
Type Initial Rate Duration Changing for remaining term to SVR currently The overall cost for comparison is Product fee
Green - Self-Build 6.89% 5 years 5.35% 6.3% APR £695

HOW MUCH CAN YOU BORROW?

Up to 75% of the completed property value
The initial loan must not exceed 75% of the plot's or property's current value or purchase price, or the total loan agreed, whichever is the lower

A FIRM FOUNDATION

Helps you buy the land
Stage releases for ongoing construction
Ongoing re-inspections throughout

Talk to our Mortgage Advisers on 0845 300 0522, or one of them can call you back.

HOW WILL THE MONEY BE RELEASED?

  • An initial amount to let you to buy the plot of land/property
  • The remainder of the loan released in stages
  • Our valuer will carry out a re-inspection, before each stage
  • Suitable build warranty will be required
  • The build must be completed within two years or the interest rate will be increased by 1% until the completion certificate is provided

WHATS SO GREEN ABOUT OUR GREEN MORTGAGES?

  • For every customer who takes out a Green Mortgage, N&P will plant 40 trees. This could make your home 'carbon neutral'
  • We have now planted over 30,000 trees on behalf of our mortgage customers

YOUR GREEN MORTGAGE CAN MOVE WITH YOU

  • If you move home, your Green Self-Build Mortgage can go with you - assuming you meet our criteria at that time

PAYMENT HOLIDAYS

  • You may need to skip a few payments. This is fine by us as long as you contact us on 0845 300 0522 to confirm you've already overpaid enough to cover the missing amounts. We'll ask you to fill in a form to set out exactly what you want to do and for how long

MINIMUM ADVANCE

  • The standard minimum advance is £50,000

OUR CHARGES

  • There is a product fee of £895, which will be added to your mortgage account when we make the initial release
  • If you arrange your buildings insurance with someone else once your build is complete, we charge a fee of £25 when your final payment is released and each time you change insurer. If you arrange cover through the N&P group and later cancel, the £25 fee will also apply

EARLY REPAYMENT

  • You can pay off your mortgage early whenever you want, but you'll have to pay an early repayment charge if you repay all of your mortgage within the first three years, or more than 10% of the loan or £10,000 (whichever is the lower figure) in each year

You can download our Guide to mortgage fees and charges.

YOUR HOME MAY BE REPOSSESSED IF YOU DO
NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE