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buy a land to build a property

  • 02-01-2021 5:31pm
    #1
    memomtoo
    Registered Users, Registered Users 2 Posts: 281 ✭✭


    Hi,

    Not sure if this is the right thread,

    I want to get some info on how land to build works.

    If we buy a land and want to build a house, how mortgage works for it? do we need to keep full cash for building or banks can give based on builder's estimation?


Comments

  • #2
    mtoutlemonde
    Registered Users, Registered Users 2 Posts: 2,140 ✭✭✭mtoutlemonde


    memomtoo wrote: »
    Hi,

    Not sure if this is the right thread,

    I want to get some info on how land to build works.

    If we buy a land and want to build a house, how mortgage works for it? do we need to keep full cash for building or banks can give based on builder's estimation?

    You'd be looking at a self build mortgage which will be paid in tranches when certain parts of the house are completed.

    Be careful with the land. There has to be a local housing need (or however it's worded) ie you or your partner have to be from the area to build a house.


  • #3
    memomtoo
    Registered Users, Registered Users 2 Posts: 281 ✭✭memomtoo


    Hello all
    Is it easy to build a house on land from
    Scratch?
    Is it expensive?
    I want to understand how mortgage system works for this?
    Will banks approve for land and building too?


  • #4
    Graham
    Moderators, Society & Culture Moderators Posts: 17,643 Mod ✭✭✭✭Graham


    Mod Note

    last post moved to this thread


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