 |
Roy Speer, Michael Dade
This reference presents advice on building and converting the home. It gives methods
of finding out land and property costs, as well as construction costs. It also
advises on the best way to work up a realistic budget, and the places to look
for money to fund the project
Buy
from Amazon UK |
How to Finance Building or Converting Your Own Home is a ground-breaking book
and directory. The first and only reference written specifically on this subject,
this book tells you:
- All the things you will have to spend money on in order to create your own
home.
- The most effective methods to find out land and property prices, and construction
costs.
- The best way for you to work up a realistic budget.
- All the places to look for money to fund your project.
- What information lenders want from you and the right way to approach them.
- Everything you need to know about how self-build mortgages and stage payments
work.
- How to get back your VAT and/or avoid paying it, and what other taxes to
watch out for.
- What insurance cover and warranties you must have and how to get the right
policy.
- How four families successfully financed their building, conversion and renovation
projects.
- Who all the principal lenders are, their contact details and their main lending
terms.
Building or converting your own home is all about getting
the most for your money and making a sound investment . For the people who
carry out such a project, it is the biggest investment decision - and biggest
financial risk - most will ever take.
Get it right and there is at least a 20-30% profit to be had, get it wrong
and there is no limit to the loss you can make.
Until now there hasn't been a single comprehensive source of information on
financing these projects, nor has there been a comprehensive listing of all the
main lenders, where to contact them and what their main terms for lending are.
This book and directory fills that massive information gap. It is written for
laymen in a very readable style, illustrated throughout with example budgets,
check-lists and calculations.
'How to Finance Building or Converting Your Own Home will certainly help you
tackle the various aspects of self build finance with confidence, whatever your
size of project and budget' - Build It magazine
'You could spend a long time looking for the best deal for your build. This
book saves you a lot of time and in itself is probably worth the cover price for
its directory of lenders and mortgage details' - Ross Stokes,
Editor, Self Build & Design magazine
Money: Why Do I need to know about Financing?
CHAPTER 1 THE BUILDING PROCESS: What will I spend my
money on?
Preliminaries
Buying land
Before you build
The construction programme
New build
Conversions
Building options
Author information
CHAPTER 2 BUDGETING: How do I work out how much it
will all cost?
Land and conversion properties
Building materials and labour
Professional fees
Utility connections
Insurance
Contingency
VAT
Accommodation costs
Assets
Calculating your borrowing requirement
Author information
CHAPTER 3 SOURCES OF FINANCE: How do I get the money?
Regulatory authorities
What to do if things go wrong
What to look for in a lender
Mortgage brokers
Funding through family or friends
Funding through a business
Borrowing from foreign banks or in other currencies
Lenders' requirements
Author information
CHAPTER 4 'SELF-BUILD' MORTGAGES: How do mortgages
for building or converting your own home work?
Self-build mortgages
Borrowing to buy land
Your existing house
Qualifications for borrowing
Amount of borrowing
Valuations
Stage payments
Bridging loans
Types of mortgage
Early redemption penalties
Mortgage interest tax relief
Author information
CHAPTER 5 VAT RECLAIM AND TAX: What tax will I have
to pay?
Value added tax
The self-builder scheme
Listed buildings
Tax on capital gains
Special cases
Income tax
Professional advice
Author information
CHAPTER 6 INSURANCE & WARRANTIES: What financial
protection do I need?
Site insurance
Health and safety
Choosing a policy
Defective title indemnity
Restrictive covenant indemnity
Legal protection
Structural warranties
Author information
CHAPTER 7 CASE STUDIES: How does it all work in practice?
Brian and Vivien Coles
Liz Phillips
David and Sandy Gay
Ron and Heather McNiven
DIRECTORY
Explanation of terms used
Notes
List of Lenders
Alphabetical listing of lenders
Lenders who do not offer self-build mortgages
INDEX, EDITOR INFORMATION
|
Roy Speer, Michael Dade
This reference presents advice on building and converting the home. It gives methods
of finding out land and property costs, as well as construction costs. It also
advises on the best way to work up a realistic budget, and the places to look
for money to fund the project
Buy
from Amazon UK |
by Surveyors: Roy Speer, Michael Dade
Planning permission is the single biggest hurdle for anyone who has acquired land
on which to build a house. This book aims to provide guidance on how to go about
securing planning permission successfully.
Read full details about this book or Buy from Amazon
UK
|
by Surveyors: Roy Speer, Michael Dade
Finding and buying land can be the most difficult task faced by people who dream
of building a house. Getting it right is the key to the whole process, whilst
getting it wrong can be an expensive disaster. This book deals with the subject.
Read full details about this book
or Buy from Amazon
UK
|
Publisher: Stonepound Books
|
