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Self build mortgages are for those people who intend to buy their own house or have a house built for them to design of choice. The project normally start with the purchase of a plot for which a 20% deposit is normally required. Future funds are released in stage payments at the standard build stages, subject to regular revaluation and a maximum loan value to 80 %. If an individual already owns a plot they can borrow up to 80 % value in order to raise funds for the building work.

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Q: What are some of the advantages of self build mortgages?
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