Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

buy a land to build a property

Options
  • 02-01-2021 6:31pm
    #1
    memomtoo
    Registered Users Posts: 279 ✭✭


    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

  • Options
    #2
    mtoutlemonde
    Registered Users Posts: 2,120 ✭✭✭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.


  • Options
    #3
    memomtoo
    Registered Users Posts: 279 ✭✭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?


  • Options
    #4
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    Mod Note

    last post moved to this thread


Advertisement