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Self Build Mortgages

GPS Financial

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Self-build mortgages are no different to conventional mortgages – the lenders will often be
happy to lend you the money as long as they are confident you will be able to keep up with
your repayments and that the final built property will meet its valuation

Different Types of Self-Build Mortgage

It is sometimes common practice for a self-build mortgage to use the practice of releasing money in stages as the property is completed.

A self build mortgage is suitable for you as long as you are 18 years or over and have
sufficient income to pay your self build loan back (most lenders require that your loan be no
greater than 4.5 x your annual income). You will usually require a deposit of at least 20% of
the purchase price, plus sufficient savings to ensure you can cover any related costs, prior to
receiving the first drawdown of funds from the lender.

Are there any other Self-build recommendations?

The benefits of a Self-build are that you could design your property the way you want your
family to live, and if you could find the land, you can live in an area where you might not be
able to afford to buy a property off the shelf. If you can find the land and you’re willing to take
the risk and hard work to build that house, it’s all worth it in the end.

GPS Financial was founded in 2011. The aim? To end the stress along with all the paperwork and misinformation of mortgaging your property. Giving you peace of mind while you sit back and let us do all the work for you while finding you the best deal for your financial situation.

GPS Financial are a friendly team of specialised brokers with combined decades of experience, access to all the leading lenders ensuring you receive the best possible value and the best possible service.

Our Values

Passion – Here at GPS Financial we are passionate about the work we do and the results we produce. There’s no case too big or too small for us to take on, we’ll take on any challenge. Complexity is our speciality.

Helpfulness – We care about the success of our clients. We’ll work our hardest to ensure you’re happy with the service we provide and the results we produce. We will work day and night to make the greater good happen.

Dependability – We’re always open to new challenges, taking them head on with our decades of experience. Thinking outside of the box we’re happy to take on any case, adapting to the changing property market.

Our Vision

Our vision is to excel, grow and be the best mortgage broker in our community by being the first choice for our clients and referral partners, and becoming the go-to broker for all their mortgage financing needs.

Our Mission

GPS Financial is a whole of market mortgage broker, who provides a comprehensive search of products from across the market to provide our clients with the best solution for your their mortgages needs requirements with professionalism and integrity. We have a proven record for excellent customer service and continue to strive to do the very best for our customers.

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