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- Self
Employed Help Index
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But-To-Let
As A Retirement Plan ! Many people nowadays rent out a
second property as a way of saving for retirement. When a
person needs to they will either sell the property for a lump
sum or use the rent as a top up to their pension. Many
mortgage finance companies now offer specialist interest only
buy to let packages that make entering the property market
easier than ever.
© Copyright 2007 www.Self Employed Help .co.uk ~ All Rights Reserved.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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What is an Accelerator Self Build Mortgage?
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Sometimes in life we do
not always want the simple things and that is often true
when it comes to purchasing our own homes. Sometimes we
would prefer to have our homes self built for us so that
it is custom made and we are the first people to live in
it. However, unless you have quit a lot of money, this
option can be limited to you and that is where an
accelerator self build mortgage comes in.
What is an Accelerator Self Build Mortgage?
An accelerator self build mortgage is basically a type
of mortgage which allows you to speed up the process of
self building. It is designed so that it perfectly fits
most people's circumstances and it is the best possible
self build mortgage scheme for the self employed.
One advantage of this type of mortgage is that you get
the funds that you need in advance so that you can deal
with the all too common cash flow problems which come
with a self build project. Usually it is possible to
borrow up to 95% of the land price and if you have your
own home already then you can relax and stay in it until
your new one is built.
The accelerator self build mortgage really has changed
the face of self build mortgages and it has so many
benefits you would be silly if you didn't even consider
it! Depending upon the lender there are usually
competitive rates and you get up to 95% land value, 95%
construction costs and 95% final home value too.
Another advantage of the accelerated self build mortgage
is the fact that you are able to purchase land with an
outline planning permission only. This is so that you
can speed up the building process and it makes things a
whole lot simpler for you too. Not all lenders offer
this option and it can take months to get detailed
planning permission through.
Overall by selecting an accelerator self build mortgage
you will be able to have a mortgage tailored to suit you
and also it will save you a lot of building time. You
will have the cash that you need when you need it and
you are offered competitive rates by a number of
lenders.Mortgages
For The Self Employed
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