Self Build Mortgages

Building your own home is often a dream for many people and to ensure your dream doesn’t become a nightmare you will need to consider the following when planning your future new property.

Steps to Building your own home

  • Check you qualify for the amount you wish to borrow & Final Grant of Planning is already in place
  • Submit all documents required, including full & detailed breakdown of cost of construction & architect/engineer details.
  • If purchasing a site – provide proof of purchase price. If site gifted, ensure transfer to title underway
  • Valuation will then take place.
  • Sign Loan Offer with Solicitor and ensure remaining Loan Offer Conditions have been met.
  • Site will then be purchased. If gifted site, commencement notice can be given and works started after notice period.

What you need to know about Self Build Mortgages:

  • There are 5 Lenders currently in the Self Build Market – KBC & PEPPER do not offer Self-build mortgages.
  • If site purchased – max lending will be between 75% – 90% for site purchase and between 80% and 90% of cost of construction.
  • If site gifted – max lending will be 100% of cost of construction, although some lenders will expect you to qualify for 120% of cost of construction or provide a contingency of between 10% – 15% of build costs.
  • Costings should be coming in around €85 per sq ft as a minimum, some lenders use up to €120 per sq ft.
  • Both AIB/HAVEN and PTSB insist customers own balance of funds put into the deal “up front” before they will release the first stage payment.
  • Interest Only periods restricted between 12 – 24 months
  • Max Term between 30 – 35 years to max age 65 yrs – 70yrs
  • Minimum Employment term is 12 months in most cases, unless you moved in the same line of work to a new employer and completed your probationary period
  • Joint Mortgage – Single Title is not usually permitted with lenders, although can be considered on a case by case basis by some lenders.


Newstar FM Independent Mortgage Brokers. If you are thinking of a Self Build Project make sure to give Tara a call on 0449335443 or at


This website uses cookies to give you the best possible experience. Some cookies are essential to the running of this website and some are for analytics and advertising purposes. You can choose to Accept or Decline the use of cookies. Agree by clicking the 'Accept' button.