Big plans to build?
We’re with you all the way with
our Self Build Mortgage
Ulster Bank mortgages are available for over 18s.
How to apply
Your home may be repossessed if you do not keep up repayments on your mortgage.
Designing and building your own home sounds like a dream come true for many people.
At Ulster Bank, we know it also takes time, dedication and a special type of mortgage.
That’s why we’ve designed our mortgage to help self builders realise their dream plans.
How does it work?
House with Tick We have a choice of fixed and variable mortgage options
House with Tick Flexible repayment options
House with Tick Up to 80% LTV available for combined value of your site and build, however we can't lend for your site purchase
House with Tick Up to four flexible stage payments so finance is there when you need, your first drawdown must be within 6 months
House with Tick Repayments based on the amount you’ve drawn down
House with Tick Maximum term is 35 years for loans less than £500,000 & 30 years for loans over £500,000
House with Tick We offer mortgages for timber framed homes
House with Tick Our mortgage advisers available to meet at a time and place that suits you
House with Tick Your self build property must be in Northern Ireland
Our Self Build mortgage handy checklist
You’ll need the following documents and information
test Identification (e.g. passport) and current proof of address (e.g. bank statement)
test Income and expenditure details (e.g. 3 months payslips and bank statements)
test House plans and specifications
test Fixed price contract with breakdown of costs if employing a builder to manage your build
test Confirmation as to how the site was acquired by the customer. If gifted, Letter of Waiver required
test Details of any current borrowing on the site
test Details of building works carried out to date
test Estimated completion date
test Confirm type of certificate, Architects Certificate or NHBC Certificate
test Details of estimated Building Costs, if Fixed Price Contract, copy of contract must be provided
test Verbal confirmation from the customer planning permission and full building control approval have been obtained
Your Solicitor may also require:
test Grant of Planning Permission
test Land Registry Folio map indicating the site
If you are managing the build yourself, you will also need to provide these
test A letter from an architect/engineer detailing build costs
test Confirmation from an architect or chartered building surveyor that they will supervise the construction
How do I apply for a Self Build mortgage?
If you are interested in our Self Build Mortgage our mortgage advisers are here to make the process easy.
Choose your preferred way to apply and get started today.
Use our mortgage calculators to find out how much you could borrow and find a mortgage to suit you. Also see you much you could save if you make an overpayment.
The Money Advice Service's monthly budget calculator can help you see how much you could trim your spending and start saving for your new home.
This link is to a non Ulster Bank website. Ulster Bank is not liable for the accuracy of the information provided on this website.
Helpful guides
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE