HOW TO FINANCE BUILDING OR CONVERTING YOUR OWN HOME: BOOK & DIRECTORY 2000- £12.50

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DESCRIPTION
TECHNICAL INFORMATION
COMMENTS
CONTENTS

DESCRIPTION

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.

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TECHNICAL INFORMATION

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COMMENTS

'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

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CONTENTS

Money: Why Do I need to know about Financing?

ROY SPEER AND MICHAEL DADE

CHAPTER 1 THE BUILDING PROCESS: What will I spend my money on?

TIM WOODS

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?

ROGER TITUS, THE TITUS COMPANY

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?

ALAN SARGENT, LENMARION ASSOCIATES

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?

PAUL ROPER, ACCORD IFA

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?

RICHARD HOLME, CREASEYS

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?

DAVID SNELL, DMS INSURANCE SERVICES LTD

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

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